Citing Stronger Market Watch, CFTC Forms Task Force

Law360, New York (June 10, 2008, 12:00 AM EDT) -- As oil prices reach for the stratosphere and other commodities escalate, bringing droves of new investors into the commodity futures markets, the U.S. Commodity Futures Trading Commission will establish an interagency task force to monitor the markets and safeguard participants, the CFTC announced Tuesday.

The task force will examine investor practices and market behavior as well as monitor the role of speculators and index traders in the commodity markets, the CFTC said. The group will include members of the CFTC, the Federal Reserve, the Department of...
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