CFTC approves another try at position-limit rule

The Commodity Futures Trading Commission has voted 3-1 to propose a limit on traders' positions in commodities, including wheat, oil and gold. A year ago, a U.S. judge thwarted the CFTC's previous attempt to issue a position-limit rule. The proposal is intended to tamp down price surges. The financial industry is expected to express concerns about the proposal. Read SIFMA's statement about the proposal.

View Full Article in:

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

Published in Brief: