Recent actions taken by the Federal Energy Regulatory Commission, including a $435 million fine of Barclays and ongoing negotiations for a settlement with JPMorgan Chase, could represent the first step in beefed up regulatory actions from the commission, according to some experts. Other analysts believe that FERC is overstepping its regulatory bounds, and could be reined in as Barclays contests its fine in court. "There's no guarantee that these cases FERC put together hold up in court," said Christi Tezak of ClearView Energy Partners.

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