CFTC to Appeal Ruling Rejecting Dodd-Frank Trading Limits

Court's decision blocked limits on positions in physical commodity futures scheduled to take effect last month.

The U.S. Commodity Futures Trading Commission will appeal a judge’s ruling that rejected efforts to curb speculative derivatives trading after the 2008 financial crisis.

The commission filed a notice of appeal today in federal court in Washington, seeking to ask a three-judge panel to reverse a ruling by U.S. District Judge Robert Wilkins that said the CFTC failed to assess whether limiting the number of contracts a trader can have in oil, natural gas or other commodities was necessary and appropriate.

Commodity Futures

The limits applied to 28 physical commodity futures and their financially equivalent swaps including contracts for corn, wheat, soybeans, oats, cotton, oil, heating oil, gasoline, cocoa, milk, sugar, silver, palladium and platinum.

Page 2 of 2
Comments

Advertisement. Closing in 15 seconds.