Financial Times FT.com

CTFC pushed to curb speculators

By Gregory Meyer in New York

Published: September 29 2009 19:38 | Last updated: September 29 2009 19:38

The US senator who last year blocked key appointments to the US commodities regulator wants nominees to the watchdog to back a clampdown on speculators.

Maria Cantwell, a Democrat, wants the nominees to support “strong position limits” to be set by regulator, a spokeswoman said. Some members of the Commodity Futures Trading Commission have voiced reservations about planned regulatory changes, which would impose strict caps on the number of energy futures held by investors because of concerns that they are inflating prices.

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