August 11, 2010

CFTC to Withdraw Rule then Repropose Curbs-Gensler

The U.S. Commodity Futures Trading Commission will formally withdraw in coming days its proposed position limit rule for energy markets as it prepares to "repropose" new speculative curbs, Chairman Gary Gensler said on Wednesday.

The Wall Street reform law mandates the CFTC to impose position limits for all commodities -- not just energy contracts -- and across both exchange-traded and over-the-counter markets…

Read Full Article on Reuters.

Last Updated: August 17, 2010