Reuters – Barney Frank and 16 other Democrats in the House of Representatives have filed a friend-of-the-court brief in defense of a new rule curbing speculation in the commodities market that has been challenged by a financial industry lawsuit.
The U.S. Commodity Futures Trading Commission in October finalized the rule that it says fulfils a mandate under the 2010 Dodd-Frank financial oversight law to limit the number of contracts any trader can hold in certain commodities like gold and oil.
