Market manipulation push is widening the compliance gap
Aggressive pursuit of wrongdoing harms market efficiency and competition
Where should regulators draw the line on prosecuting market manipulation? The answer to this question is of immediate interest to regulators in the European Union, which will soon face the difficult task of detecting and punishing manipulation under the Regulation on Wholesale Energy Market Integrity and Transparency (Remit), a law set to be fully implemented by the end of 2015. In the US, the Federal Energy Regulatory Commission (Ferc) has conducted much enforcement work in this area, although
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