“Enron Loophole” will soon be closed: Levin

An investigation conducted earlier this year by Levin's Senate panel found that Amaranth Advisors LLC, the energy hedge fund that collapsed last year after losing more than $6 billion in natural gas trades, shifted its activities to InterContinental Exchange (Ice) in order to avoid trading limits it faced on the New York Mercantile Exchange (Nymex).

The so-called Enron loophole, which got its name because it was inserted into the 2000 Commodity Exchange Act after requests from Enron and others

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