January 14, 2010
By Marcy Gordon and Chris kahn, Associated Press
The Commodity Futures Trading Commission voted Thursday to propose new limits on trading in energy futures by Wall Street firms and other market players. The limits are aimed at keeping "speculative" investors from wielding excessive influence in the market. The agency opened the proposal to public comment for 90 days.
The move by the commodities agency marks a shift in government policy but whether it is enough to control future spikes in energy prices remains to be seen.
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Last Updated: February 25, 2011