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November 4, 2011 - Senate Homeland Security Subcommittee on Investigations hearing Entitled: "Excessive Speculation and Compliance with the Dodd Frank Act.”

Subcommittee Chairman Carl Levin, D-Mich., held the hearing to examine whether new position limits issued by the Commodity Futures Trading Commission would have an effect on curbing speculation in commodity markets such as oil and wheat. Levin said he feared the rule would not fulfill its congressional mandate to diminish, eliminate or prevent excessive speculation. Levin was especially concerned about commodity investing with exchange-trade products (ETP) and mutual funds.