Ruling hits FERC's crackdown on market manipulation

03/22/2013 | Risk.net (subscription required)

A U.S. court has decided that the Federal Energy Regulatory Commission exceeded its authority when it attempted to fine a former Amaranth Advisors trader for alleged manipulation in natural gas futures. The ruling likely has implications for other cases and could slow FERC's effort to rein in manipulation. It is also seen as a turning point in a jurisdictional dispute between FERC and the Commodity Futures Trading Commission.

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