CFTC's Position Limits Will Cripple Markets, Groups Say

Law360, Washington (February 27, 2012, 5:48 PM EST) -- A new U.S. Commodity Futures Trading Commission regulation limiting positions that investors can take will lead to unrecoverable costs and loss of customers for companies operating in commodities markets, financial industry groups told a Washington federal judge Monday.

The International Swaps and Derivatives Association Inc. and the Securities Industry and Financial Markets Association told U.S. District Judge Robert L. Wilkins that the rule would raise prices for commodities that consumers buy daily and require immediate, costly compliance efforts by market participants, including the potentially irreversible restructuring...
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Case Information

Case Title

INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION et al v. UNITED STATES COMMODITY FUTURES TRADING COMMISSION


Case Number

1:11-cv-02146

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Robert L. Wilkins

Date Filed

December 2, 2011

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