Position limits deluge continues
Group bombards CFTC with comments on Dodd-Frank position limits; final rule delay expected; quantity unlikely to trump quality says expert
The supporters of Stop Oil Speculation (SOS) Now have sent nearly 6,000 emails to the US Commodity Futures Trading Commission (CFTC), voicing support for the position limits scheme proposed by the regulator in January. They believe limits should be imposed on energy traders to prevent speculation, which they argue causes commodity prices to rise.
The CFTC’s website showed 5,772 comments had been filed online about the rule-making by 4pm EST on Friday April 1, 2011, four days after the deadline
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