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5th Circ. Says CFTC's Lack Of Guidance Dooms Trial Win

By Jessica Corso (January 9, 2024, 8:56 PM EST) -- The Fifth Circuit has overturned a $6.5 million jury verdict against a commodities broker, saying that the U.S. Commodity Futures Trading Commission cannot collect on the penalty based on an "unprecedented" interpretation of an agency regulation prohibiting the placing of bets against brokerage customers. ...

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