Judge Strikes Down Dodd-Frank Trading Rule

The New York Times reports:

Wall Street notched another victory in the battle over regulation on Friday after a federal judge struck down a central piece of the Obama administration’s financial overhaul. The court decision dealt the latest blow to the Dodd-Frank Act, the regulatory crackdown passed in response to the financial crisis. The decision on Friday, aimed at the Commodity Futures Trading Commission’s so-called position limits rule, is the second time a Dodd-Frank rule has suffered legal defeat.