Monthly Archives: April 2011

MarketWatch: USFTC Says Gas up due to Normal Market Action

By Tennille Tracy The U.S. Federal Trade Commission, one of the federal agencies involved in the Obama administration’s new investigation of rising gasoline prices, determined just a few days before being named part of the investigation that prices are going … Continue reading

Posted in Articles, Commodity Trading, FTC

Financial Times: Getting Swap Definitions Right

Cadwalader partner Gregory Mocek was quoted today, in the Financial Times online, on how the FTC and CFTC are close to resolving the issue of how to define over-the-counter (OTC) swaps. Gregory said, “Turf battles are generally manufactured by agencies … Continue reading

Posted in Articles, CFTC, Commodity Trading, Enforcement and Investigations, FTC, Regulation

FERC Orders Trader to Pay $30 Million for Market Manipulation

On April 21, 2011, the Federal Energy Regulatory Commission (FERC) ruled that former Amaranth Advisors LLC trader Brian Hunter violated FERC’s Anti-Manipulation Rule and ordered Hunter to pay a $30 million civil penalty. This is the first litigated case involving … Continue reading

Posted in Enforcement and Investigations, FERC, Regulation

The MiFID Review and What it Means For Commodities

The European Commission’s December 2010 consultation paper on wholesale revisions to MiFID has focused on commodities derivatives as an area for regulatory intervention and oversite. The proposals, outlined below, are likely to lead to significant infrastructure  changes for firms that … Continue reading

Posted in MiFID, Regulation