U.S. Senator takes aim at commodity index traders

The Maine Public Broadcasting Network has a brief story about U.S. Senator Susan Collins telling the Commodity Futures Trading Commission (CFTC) chair Gary Gensler that index traders are distorting markets for wheat, oil and other commodities.

Collins has introduced the Commodity Speculation Reform Act, which would limit the number of contracts that non-commercial investors could hold in any one commodity market. READ HERE.

 

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Goldman Sachs speak out on proposed CFTC regulation

Reuters has a story in which Goldman Sachs chief financial officer David Viniar says the bank’s energy trading is hedging and should be exempt from proposed U.S. government limits on the volume of contracts that speculators can trade. READ HERE