• D.C. Circuit Court Upholds Amendments to CFTC Regulations 4.5 and 4.27 Affecting Registered Investment Companies that Trade Futures and Swaps
  • July 4, 2013
  • Law Firm: Alston Bird LLP - Atlanta Office
  • On June 25, 2013, the Washington, D.C. Circuit Court rejected a legal challenge to the CFTC’s amendments to certain CFTC regulations affecting registered investment companies, affirming the federal district court’s grant of summary judgment in favor of the CFTC. The district court had found that the CFTC had “fulfilled its obligation under the CEA to consider the costs and benefits of its proposed rule” and that the CFTC had “acted well within its discretion, and that there was nothing arbitrary or capricious about the CFTC’s actions . . . .” The plaintiffs have not yet announced any intention to appeal the decision to the U.S. Supreme Court.