Ted Stevens
Senators Feinstein and Stevens Introduce Legislation to Limit Excessive Speculation in Energy Markets by Institutional Investors
By admin - Posted on June 16th, 2008
Measure would level the playing field in energy futures markets
June 13, 2008 -- Washington, DC – In the wake of growing concerns about the impact of speculation, U.S. Senators Dianne Feinstein (D-Calif.) and Ted Stevens (R-Alaska) have introduced legislation to require the Commodity Futures Trading Commission (CFTC) to impose the same position limits on institutional investors to which other investors now are subject. This legislation would essentially level the playing field in energy futures markets.
Under current law, CFTC is required to impose speculation limits on the size of energy trader positions. However, in practice, CFTC regularly exempts institutional investors from position limits, when investors execute their trades through brokers or dealers. » read more »
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