MFA, et al. v. SEC
Court: U.S. Court of Appeals (Fifth Circuit) Amicus Issue: Whether the SEC’s securities lending and short reporting rules are arbitrary…
SIFMA, together with the International Swaps and Derivatives Association, Inc. (ISDA), filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) final rules that limit the positions that investors may own in certain commodities. The associations believe that the Position Limits Rule may adversely impact commodities markets and market participants, including end-users, by reducing liquidity and increasing price volatility. In addition, the Associations contend that the CFTC’s decision-making process in enacting the Rule was procedurally flawed.
While the associations strongly support financial regulatory reform that reduces systemic risks and helps to create a more robust and transparent global financial system, unfortunately, the Position Limits Rule as adopted by the CFTC was poorly crafted based on an incorrect reading of the law, and absent any sound economic or cost benefit analysis. It has the potential to harm markets at a time when they can least afford it.
For more information, visit’s SIFMA Issue Area on Position Limits
Related filing:
Petition for Review filed in the U.S. Court of Appeals for the D.C. Circuit
Court: U.S. Court of Appeals (Fifth Circuit) Amicus Issue: Whether the SEC’s securities lending and short reporting rules are arbitrary…
SIFMA provided comments to the U.S. House of Representatives on the Expanding Access to Capital Act of 2023, H.R. 2799.
SIFMA provided comments to the U.S. Securities and Exchange Commission (SEC) in response to the rule filings by the SROs to…
We use cookies to provide our site visitors a valuable experience as well as relevant content and services. Please carefully review our Privacy Policy and Terms of Use; by using this website, you agree to the information set forth therein.