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CFTC to Appeal Ruling Rejecting Dodd-Frank Trading Limits

Court's decision blocked limits scheduled to take effect last month.

By Tom Schoenberg, Bloomberg | Updated on November 15, 2012

The U.S. Commodity Futures Trading Commission will appeal a judge’s ruling that rejected efforts to curb speculative derivatives trading after the 2008 financial crisis.

The commission filed a notice of appeal today in federal court in Washington, seeking to ask a three-judge panel to reverse a ruling by U.S. District Judge Robert Wilkins that said the CFTC failed to assess whether limiting the number of contracts a trader can have in oil, natural gas or other commodities was necessary and appropriate.

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