DTCC sues CFTC over data rules

CFTC faces fourth challenge to postcrisis rules with suit from Depository Trust & Clearing

Depository Trust & Clearing filed a lawsuit Thursday against federal regulators, becoming the latest financial firm to cry foul over new rules for reporting derivatives called swaps.

DTCC filed a complaint in a US federal court against the Commodity Futures Trading Commission, arguing the regulator "sanctioned anticompetitive behavior" in its rules for the record-keeping of some derivatives. The lawsuit asks the court to undo the regulator's approval of three rules.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire