Wednesday, February 8, 2012

ISDA/SIFMA Attempting to Block CFTC Position Limit Rules

I don't think this will catch many SD readers by surprise.  ISDA and SIFMA have told the court if the CFTC rules go in effect on position limits, "they would irreparably harm their members and the public."  By harm they must mean limiting the time remaining for the general public to acquire silver at manipulated prices.

Groups ask court to block CFTC position limit rules

Feb 7 (Reuters) - The financial industry asked a federal court late on Tuesday to temporarily block regulations approved by the U.S. futures regulator aimed at preventing excessive speculation in commodity markets such as oil and gold.
The Securities Industry and Financial Markets Association (SIFMA) and the International Swaps and Derivatives Association (ISDA) told the court if the U.S. Commodity Futures Trading Commission's rules go into effect they would irreparably harm their members and the public.

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