CFTC delays a vote on a plan to curb commodity speculation

The Commodity Futures Trading Commission was expected to vote on a proposal to limit speculation in commodity markets but postponed the vote. Under the Dodd-Frank Act, the CFTC has until next month to curb speculation in the metal and energy markets and until April to address agricultural commodities. CFTC Chairman Gary Gensler told lawmakers that the agency needs more data and will miss the January deadline. "It's just appropriate to let this one ripen a little bit more," Gensler said. A source said Gensler lacked the votes needed to release the proposal for public comment.

View Full Article in:

Wall Street Journal (tiered subscription model), The · Bloomberg · Reuters

Published in Brief: