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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.

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