Will ruling create agreement on regulatory jurisdiction?
The FERC’s $30m fine for former a Amaranth trader has set a strong precedent for market manipulation cases, but regulatory overall jurisdiction remains unclear. Pauline McCallion reports
The US Federal Energy Regulatory Commission (FERC) fined former Amaranth Advisors trader Brian Hunter $30 million on April 21, 2011 for violating the commission's anti-manipulation rules. According to a statement released by the FERC, the penalty of $30 million "is appropriate and sufficient to discourage Hunter and others from engaging in market manipulation".
This is the first case to be tried
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