CFTC approves limits on commodity speculation on split 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 member of the CFTC, voted in favor of the measure, but called it a "sideshow." Chairman Gary Gensler said position limits "protect the markets both in times of clear skies and when there is a storm on the horizon."

View Full Article in:

Wall Street Journal, The · Hill, The · Bloomberg Businessweek · New York Times (tiered subscription model), The

Published in Brief: