U.S. watchdog readies tighter new commodity limits rule

``Gary wants to get this done before he leaves," said one of the sources, asking not to be named because he was not authorized to talk to the press... The position limits rules are among the most contentious of the 2010 Dodd-Frank legislation reforms that aim to prevent a repeat of the financial crisis but they threaten to compound the troubles facing Wall Street's biggest banks whose role in physical commodity markets is under fire.

The new rule will contain a better legal justification to conform with the U.S. District Court ruling that the CFTC had failed to prove that the limits were needed, the first source said. It will better weigh the costs and benefits of the impact of the rule to support the economic rationale behind it.''