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Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
John Ye
A 2012 article from the New York Times[1] reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays[2], JP Morgan[3] and Deutsche Bank[4].
The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at …
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
Ferc Enforcement On Market Manipulation Testing The Law’S Limit, John Ye
John Ye
A 2012 article from the New York Times reported that the Federal Energy Regulatory Commission (FERC) had taken aggressive steps against market manipulation in the electricity trading space against large investment banks. Notable cases were taken against Barclays , JP Morgan and Deutsche Bank .
The fine for Barclays was a steep $469.9 million, which the bank said it would contest. JP Morgan was ordered to suspend selling energy capacity for 6 months. Deutsche Bank, on the other hand, was only fined for $1.5 million. Yet, Deutsche Bank was ready to mount a vigorous defense at the time. Unfortunately without …