Investor Asks High Court To Rule On Extraterritoriality Of Commodities Law

(August 31, 2023, 10:19 AM EDT) -- WASHINGTON, D.C. — A trader is urging the U.S. Supreme Court to consider whether the Second Circuit U.S. Court of Appeals erred in holding that his Commodity Exchange Act (CEA) claims were extraterritorial, even though his trades took place on a U.S. commodities exchange, because he alleged that the banks’ actions in manipulating the prices of the futures contracts took place outside of the United States....