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CFTC to Appeal Federal Court Decision to Vacate Position Limits Rule

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[authors: Kevin M. Foley, Adam J. Spector]

In a 3-2 vote, the commissioners of the Commodity Futures Trading Commission voted to appeal a federal court’s September decision vacating the position limits rule. In a statement, the CFTC stated that enforcement of the position limits rule is “critically important” to the marketplace.

More information on the appeal can be found here.

 


Published In: Administrative Law Updates, Finance & Banking Updates, Securities Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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