Market manipulation
CFTC puts new spin on spoofing cases
Charges may be brought under regulation 166.3 in cases where intent is hard to prove
CFTC has ‘incredible view’ into markets – surveillance chief
Ex-trader Hunter sheds light on agency’s monitoring and forensic analysis capabilities
CFTC proposal would unleash flood of lawsuits, firms say
Industry blasts proposal to allow private manipulation suits in US electricity markets
Trade surveillance slow to catch on at energy firms
Even as EU Market Abuse Regulation kicks in, few companies have systems to flag suspect trades
CFTC top cop ramps up use of anti-manipulation rule
Agency’s new authority under Dodd-Frank is "very promising", Goelman says
New EU market abuse rules worry energy traders
Ban on insider trading in commodities seen as “very tricky”
How ‘Death Star’ and AIG sparked a new era in regulation
Ferc and the CFTC have overlearned the lessons of past crises, and energy traders are paying the price
Enron’s California schemes haunt regulators 15 years later
The failures of the first liberalised US power market still shape the Federal Energy Regulatory Commission’s anti-manipulation agenda. But has the pendulum swung too far towards enforcement?
In manipulation cases, "everybody's doing it" is no excuse
From the natural gas index scandal of the early 2000s to the Libor-rigging cases of today, it's always the junior employees who go to jail while bosses walk, Vincent Kaminski observes
Q&A: Ferc’s Norman Bay on market manipulation, polar vortexes
In an exclusive interview, the new chairman of the US Federal Energy Regulatory Commission rejects criticism of the agency’s enforcement actions
Alberta energy regulator urges firms to boost compliance
Official with Alberta’s Market Surveillance Administrator touts self-reporting of violations and plugs public shaming of chief executives as ‘amazingly motivating’
Top US energy regulator defends market manipulation probes
Ferc chairman Norman Bay says the agency has provided ‘a lot of clarity’ of the definition of market manipulation, rejecting complaints from industry that the rules are unclear
Probes of EU energy market abuse set to jump with Remit
The October 7 launch of Remit trade reporting is expected to spark a flurry of new investigations into suspected abuse of EU power and gas markets
Remit breaches already being investigated by Acer
Acer was already investigating breaches of Remit, but needed more resources to carry out its role, said director Alberto Pototschnig, speaking at Energy Risk Summit Europe
Ferc manipulation cases put limits on US power traders
US power traders face stricter limits as a result of recent Ferc enforcement actions that have created uncertainty over the definition of market manipulation. The pressure has intensified since the regulator won a procedural victory in its landmark case…
Barclays ruling bolsters Ferc anti-manipulation drive
Ferc has won a key motion in a $470 million manipulation case against Barclays, which strengthens the regulator's hand in other enforcement actions
Energy scarcity warrants tough response to market abuse
Market manipulation is a problem that is controversial and tricky to define, but it must be taken seriously. That is particularly true in energy markets, where the optimal allocation of resources is more important than ever, argues industry veteran…
Kraft allegations raise concern among energy end-users
A CFTC complaint against the successor firms of Kraft Foods is a good indicator of how it might deal with end-users holding dominant positions in other markets, say panellists at Energy Risk Summit USA
Hedge fund case tests Ferc's anti-manipulation drive
A US Federal Energy Regulatory Commission probe into a little-known energy hedge fund has turned into an unusual public standoff. Now, the fund's founders are girding themselves for a long legal battle, which may set an important precedent for US energy…
Market manipulation push is widening the compliance gap
European and US energy regulators must decide how aggressive they wish to be when it comes to enforcing fraud-based anti-manipulation rules. Taking things too far could harm market efficiency and stifle the benefits of competition, argue Shaun Ledgerwood…
Energy exchanges can share the burden of Remit
It's easy to see why smaller energy trading organisations become frustrated trying to deal with the demands of the European Regulation on Wholesale Energy Market Integrity and Transparency. But exchanges can play a vital role in sharing the burden,…