Wall Street traders sue CFTC

Trade groups say new commodity speculation rules are flawed

While the shouts of the Occupy Wall Street protesters continue to echo throughout the financial district, commodities traders are raising their voices to launch their own fight.

On Friday, Wall Street trade groups sued the Commodity Futures Trading Commission (CFTC) in an attempt to block new rules that prevent excessive speculation in markets such as oil and gold. The suit is the first ever filed against a CFTC rule.

Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.