CFTC Fires Back At Industry Groups In Trade Limit Suit

Law360, New York (April 16, 2012, 2:47 PM EDT) -- The U.S. Commodity Futures Trading Commission told a Washington federal judge Monday that industry groups challenging a new rule aimed at curbing speculation in oil and commodities markets were seeking to unwind all regulations limiting the positions investors may take.

“Plaintiffs seek not only to invalidate the rule but to dismantle the speculative position limits regime that Congress has erected over the past 75 years,” the CFTC said, responding to a suit by The International Swaps and Derivatives Association Inc. and the Securities Industry and Financial...
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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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