Commissioner said that the regime would be hugely damaging
Christopher Giancarlo of the Commodity Futures Trading
Commission (CFTC) has slammed his CFTC colleagues over the
proposed position limits regime saying that, while well
intended, it would have a "tremendous impact on the US energy
and agricultural sectors."
Speaking at the Capital
Link Global Commodities, Energy & Shipping Forum on
Wednesday, Giancarlo said while the "rule is born of good
intentions" it is "based on an incomplete understanding, faulty
analysis and a mistrust of market forces and
business, anyone who championed a rule with so many predictably
bad outcomes would be looking for a new job. In Washington,
they have been lauded for their good intentions," he
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