5th Circuit Finds CFTC Did Not Provide Notice Of Trading Rule’s New Interpretation

(January 10, 2024, 1:56 PM EST) -- NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals partly reversed a judgment and partly vacated an injunction against a holding company and a broker working in electrical energy futures trading, finding that the Commodity Futures Trading Commission (CFTC) did not provide sufficient notice of its “unprecedented interpretation” of a CFTC rule....