The U.S. Commodity Futures Trading Commission should appeal a federal judge's decision blocking Dodd-Frank Act limits on speculation in oil, natural gas and other commodities, said Commissioner Bart Chilton.
The CFTC should also seek a stay of U.S. District Judge Robert Wilkins's Sept. 28 ruling that the agency failed to assess whether limits were necessary and appropriate under the 2010 regulatory overhaul, Chilton said in remarks prepared for a speech tomorrow in Rome at the Food and Agriculture Organization of the United Nations.
"The struggle isn't over," said Chilton, one of three Democrats on the five-member commission. "I think the court opinion is deeply flawed."
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