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.

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