CFTC approves limits on commodity speculation in 3-2 vote

The Commodity Futures Trading Commission voted 3-2 along party lines to approve rules designed to curtail speculation on commodities. The split vote suggests that regulators remain divided over the government's role in the markets. Michael Dunn, a Democratic commissioner at the CFTC, voted in favor of the measure, but called it a "sideshow." Gary Gensler, chairman of the CFTC, said position limits "protect the markets both in times of clear skies and when there is a storm on the horizon."

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