Citing deficiency in regulators' justification for restricting bets in commodities, U.S. District Judge Robert Wilkins rejected a position-limit rule from the Commodity Futures Trading Commission. The Dodd-Frank Act does "not constitute a clear and unambiguous mandate to set position limits," as the CFTC had argued, Wilkins ruled. "The position limits rule would adversely impact commodities markets and market participants," according to a statement from SIFMA and the International Swaps and Derivatives Association. "We are pleased that the rule has been vacated." Read SIFMA's comments on the ruling.
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