Seventh Circuit Bolsters SEC, Halts CFTC Bid in Kraft Swaps Turf War
CFTC Fights SEC in Epic Turf War Over Kraft Swaps The Seventh Circuit Court just slammed the brakes on the CFTC’s aggressive push to seize control of Kraft Foods’ billion-dollar interest rate swaps from the SEC, denying a mandamus petition in a rare smackdown of one regulator by the courts. This ruling reinforces the SEC’s…
