Will ruling create agreement on regulatory jurisdiction?
Will ruling create agreement on regulatory jurisdiction?
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 before a judge and decided by the commission that involves the FERC's enhanced enforcement authority
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