FIA Special Alert Sept. 28, 2012 District Court Overturns CFTC Position Limit Rule Today the US District Court for the District of Columbia struck down the CFTC’s position limit rule, which was scheduled to go into effect on October 12, 2012. The court ruled in favor of the plaintiffs?the International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association. The court found that the CFTC “fundamentally misunderstood” the relevant provisions of Dodd-Frank and rejected the CFTC’s interpretation that Dodd-Frank makes the imposition of position limits “mandatory,” rather than “as appropriate” to prevent excessive speculation. The court stated…