Agency head Massad said to be circulating position limit plan Latest version would take into account industry demands Timothy Massad, the top U.S. derivatives regulator, is trying to push ahead before President-elect Donald Trump takes office with controversial rules that clamp down on traders’ ability to speculate in oil and other commodities, according to people familiar with the matter. Massad recently gave his latest plan that caps the number of contracts a trader can have to the Commodity Futures Trading Commission’s other two members, the people said. That move raises the prospect that the chairman is trying to schedule a vote before the end of President Barack Obama’s term. Consumer advocates and Democrats have pushed for years for the so-called position limits as a way to reduce excessive speculation that they blame for driving up commodity prices. The new draft takes into account […]