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CFTC Said Set to Appeal Court Ruling on Limits

Regulator may challenge decision that overturned trading limits on commodities.

By Silla Brush, Bloomberg | Updated on October 29, 2012

The main U.S. regulator of derivatives is set to appeal a court ruling that overturned a rule that imposed trading limits on oil, natural gas and other commodities, according to a person with knowledge of the matter.

The five-member Commodity Futures Trading Commission is in the process of voting in private on a recommendation from the agency’s general counsel’s office to appeal the ruling. The commission’s three Democrats, Gary Gensler, Bart Chilton and Mark Wetjen support the appeal, according to the person. It is unclear how soon the agency could file the appeal.

 

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