CFTC Leaves Shaping Position Limits Rule to Trump Administration
Regulator fails to complete long-delayed rule to curb speculation in commodities like oil and gold
WASHINGTON—U.S. regulators failed to put the finishing touches on a much-debated, long-delayed rule to limit speculation in commodities like oil and gold, opting instead to propose a scaled-back version that leaves its outcome in the hands of the Trump administration.
The Commodity Futures Trading Commission voted unanimously Monday to float, for the third time since 2011, a proposed rule that would cap the size of trading positions...