13 lawmakers ask CFTC to look into possible fraud in RINs market

10/22/2013 | Reuters

Thirteen lawmakers from five ethanol-producing states are asking the Commodity Futures Trading Commission to look into possible manipulation of the Renewable Identification Numbers market after prices earlier this year jumped by 2,900%. In a letter to CFTC Chairman Gary Gensler, the lawmakers asked the agency to "use its expertise and authority in overseeing markets for commodities futures to look into what extent fraud and manipulation have played [a role] in the volatility of RIN prices."

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