Seventh Circuit Halts CFTC’s Civil Fishing Expedition in Kraft Wheat Case
COURT HAMMERS CFTC IN KRAFT COMMODITY CASE The Seventh Circuit just ordered the CFTC to stop its endless fishing expedition into Kraft’s 2011 wheat trades. The ruling slams the agency for dragging a civil case into criminal territory without proper warrants, and it signals that even commodity regulators cannot treat every investigation like a blank…
