Hedge Fund News From HedgeCo.Net

U.S. CFTC may drop anti-speculation rule appeal

Reuters – The U.S. derivatives regulator is considering dropping its appeal to defend a rule that would severely limit Wall Street’s ability to speculate with commodities, a senior official at the agency said on Tuesday [Oct. 22].

The Commodity Futures Trading Commission is putting the final touches on a revised position limits rule even as its lawyers are preparing to defend the original rule that was knocked out by a U.S. court last year.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply