Finance Reform Group Defends CFTC's Position Limits Rule

Law360, New York (April 23, 2012, 7:03 PM EDT) -- Financial reform advocate Better Markets Inc. sided with the U.S. Commodity Futures Trading Commission in a suit against it by finance industry groups, telling a Washington federal court on Friday the CFTC was not required to perform a cost-benefit analysis before making a rule limiting positions investors can take.

In an amicus brief Better Markets moved the court to accept Friday, the reform group said the CFTC had fulfilled its duty under the Commodity Exchange Act when it promoted the rule aimed at curbing speculation in...
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