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FERC’s authority over market manipulation headed for court

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • December 1 2011

Not long after Congress granted the Federal Energy Regulatory Commission new authority to police market manipulation in the physical electric and natural gas markets that it regulates, then commissioner Sue Dean Kelly proclaimed that FERC now has the power to prosecute manipulation of the currency markets if it “affects” prices in markets within FERC’s core jurisdiction