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CFTC defeats challenge to mutual fund commodities rule

Posted on 13 December 2012

The U.S. Commodity Futures Trading Commission defeated a federal court challenge to a rule requiring mutual funds with commodities investments to register with the agency.
U.S. District Judge Beryl Howell in Washington today rejected arguments by the U.S. Chamber of Commerce and the Investment Company Institute that the rule is unnecessary, and that the commission didn’t properly assess the costs and benefits when it approved the regulation in February………………………………………..Full Article: Source


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