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CFTC facing struggle to revive commodity position limits

Posted on 07 November 2012

US federal commodity position limits were defeated in court in September, but the Commodity Futures Trading Commission has not thrown in the towel. In a two-pronged attack, the agency is expected to appeal against the ruling and is also thought to be working on a new version of its regulation – but it faces some big obstacles.
The Commodity Futures Trading Commission (CFTC) is not giving up on its position limits rule, struck down on September 28 – just a fortnight before it was due to take effect – when a US court decided the agency had overstepped the authority given to it by the Dodd-Frank Act………………………………………..Full Article: Source


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VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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