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CFTC wins major court victory

"A federal judge Wednesday handed the Commodity Futures Trading Commission a major victory by rejecting an attempt by industry groups to overturn a rule on cost-benefit analysis grounds.

The CFTC acted well within its discretion and fulfilled its obligations to consider the costs and benefits of the rule, which requires investment companies to register with the agency, U.S. District Court for the District of Columbia Judge Beryl Howell said in a 93-page opinion.