Wall Street Groups Seek Delay of CFTC Position Limits Rule
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Two Wall Street groups asked a federal appeals court to delay a U.S. Commodity Futures Trading Commission rule that limits commodity speculation, saying the regulation is already imposing “irreversible harms.”
The International Swaps and Derivatives Association Inc. and Securities Industry and Financial Markets Association filed an emergency request today in Washington urging a three-judge panel to put the rule on hold while the court considers their legal challenge. The groups asked the court to issue a ruling by Jan. 27.