Seventh Circuit Clips CFTC’s Reach: Conway Family Trust Not a Commodity Pool
CFTC Loses Seventh Circuit Challenge Over Trust Trading The Seventh Circuit just gutted a CFTC enforcement theory that could have expanded the agency’s reach over family trusts and private trading. The court ruled that the Conway Family Trust is not a “commodity pool operator” under the Commodity Exchange Act, tossing the CFTC’s $140,000 fine and…
