US regulator doles out Enron fines

The commission alleged that on July 19, 2001, Shively and Enron engaged in a manipulative scheme by using the Houston company's former electronic trading platform to buy an extraordinarily large amount of gas in a short time.

It also alleged that immediately after the buying spree, Shively took various actions, including agreeing to cover trading losses of other traders involved in the scheme.

The manipulation of the Henry Hub spot market had a direct and adverse effect on the New York Merca