Tough talk on derivatives
The Commodity Futures Trading Commission and Ferc are getting tough in throwing fines around. Is this a ploy to avoid being lumbered with further over-the-counter regulatory responsibilities? Some market participants certainly think so. By Paul Lyon
Entergy-Koch Trading (EKT) received a subpoena from US commodity regulators seeking information on its natural gas and power trading activities in early April. This came just two weeks after another regulator accused the company of making phoney trades.
The energy trader says it will respond to the subpoena from the Commodity Futures Trading Commission (CFTC) “in a timely manner” and is reviewing records from 2000 and 2001, after the Federal Energy Regulatory Commission (Ferc)
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