CFTC's Position Limits Rule Dead On Appeal, Experts Say

Law360, New York (October 1, 2012, 6:33 PM EDT) -- As the U.S. Commodity Futures Trading Commission licks its wounds from a Friday court decision blocking new Dodd-Frank limits on derivatives trading, experts said the agency should return to the drawing board rather than wage a losing battle in appeals court.

Striking down a key element of the Dodd-Frank Act, a Washington federal judge said the CFTC had not sufficiently explained why it was necessary to enact so-called position limits on derivatives contracts tied to 28 commodities involving energy, metals and agriculture. The ruling was a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.