(Reuters) - In its first enforcement action using new authority provided by Congress, the Federal Energy Regulatory Commission says it will seek $458 million in penalties and the return of unjust profits from the two companies.
In the bigger case, FERC charged Amaranth Advisors, a collapsed hedge fund, its former head trader, Brian Hunter, and fellow trader Matthew Donohoe with manipulating natural gas prices last year and called for $291 million in penalties. The Commodity Futures Trading Commission filed similar charges on Wednesday, though it did not specify any fines or penalties.
Read more at Reuters.com Business News
In the bigger case, FERC charged Amaranth Advisors, a collapsed hedge fund, its former head trader, Brian Hunter, and fellow trader Matthew Donohoe with manipulating natural gas prices last year and called for $291 million in penalties. The Commodity Futures Trading Commission filed similar charges on Wednesday, though it did not specify any fines or penalties.
Read more at Reuters.com Business News
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