On June 23, the Commodity Futures Trading Commission filed comments with the Federal Trade Commission (FTC) in response to an FTC Advance Notice of Proposed Rulemaking on the implementation of Section 811 of the Energy Independence and Security Act of 2007. In general, Section 811 makes it unlawful for any person to employ any “manipulative or deceptive device or contrivance” in connection with the wholesale purchase or sale of crude oil, gasoline or petroleum distillates. The CFTC commended the FTC for its prompt response to the authority granted by Congress but urged the FTC not to propose regulations that may be inconsistent with or duplicative of the Commodity Exchange Act (CEA) or that would apply to registered entities that are subject to the CFTC’s exclusive jurisdiction under the CEA.

http://www.ftc.gov/os/comments/marketmanipulation/535819-00151.pdf