CFTC Launches Appeal Of Position Limits Ruling

Law360, New York (November 15, 2012, 5:49 PM EST) -- The U.S. Commodity Futures Trading Commission on Thursday appealed a Washington federal court decision striking down its proposal to place new limits on derivatives trading, setting up another courtroom battle with securities industry groups over the Dodd-Frank Act measure.

The agency filed a brief notice saying it had appealed the Sept. 28 ruling to the D.C. Circuit. In a separate statement, the CFTC said its commissioners had approved the action on a 3-2 vote.

“I believe it is critically important that these position limits be established...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.