Category Archives: Enforcement and Investigations

Markets in Financial Instruments Directive: Agreement in Principle on Revised European Rules

On 14 January 2014 the European Parliament, the Council and the Commission reached a high-level agreement in principle on updating the rules for the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).  Further technical issues that remain … Continue reading

Posted in Commodity Trading, Enforcement and Investigations, MiFID, MiFIR, Oil & Gas, Power

2013 FERC Report Confirms Increased Enforcement Activity

By Doron Ezickson, Kenneth Irvin, Gregory Lawrence, Terence Healey, Joseph Williams, and Christopher Polito. On November 21, 2013, the Federal Energy Regulatory Commission (FERC) Office of Enforcement (Enforcement) issued its 2013 Report on Enforcement (Report).  The annual Report provides an overview of and statistics regarding FERC’s enforcement … Continue reading

Posted in Enforcement and Investigations, FERC, Oil & Gas, Power, Regulation

Join Greg Lawrence at the National Forum on Energy Trading Compliance & Regulatory Enforcement, November 21-22

8th National Forum on Energy Trading Compliance & Regulatory Enforcement November 21-22, 2013 Washington Plaza Hotel 10 Thomas Cir NW Washington, DC 20005 +1 202 842 1300 Presented by The American Conference Institute Cadwalader Energy & Commodities Partner Gregory Lawrence … Continue reading

Posted in CFTC, Commodity Trading, Enforcement and Investigations, Events, FERC, Oil & Gas, Power, Regulation

FERC Denies Rehearing in DC Energy – Clarifies Position on Reportable IBTs and Side Steps Jurisdictional Issue

By Gregory Lawrence, Joseph Williams and Ryan Norfolk By order issued July 12, 2013, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) denied requests for rehearing of its March 9, 2012 order denying the complaint of DC Energy, LLC (“DCE”) … Continue reading

Posted in Commodity Trading, Enforcement and Investigations, FERC, Power, Regulation

SEC Announces Second Set of Whistleblower Awards

From Cadwalader’s SEC Enforcement Advisor Alert On June 12, 2013, the Securities and Exchange Commission (SEC) announced that three claimants would receive awards under the whistle – blower bounty program created as part of the Dodd-Frank Wall Street Reform and … Continue reading

Posted in Commodity Trading, Dodd-Frank, Enforcement and Investigations, Oil & Gas, Power, Regulation, SEC

SAVE THE DATE: 2013 Energy & Commodities Conference

Cadwalader, Wickersham & Taft LLP will be hosting its annual Energy & Commodities Conference in Houston, Texas. This complimentary day and half program will feature informative presentations and panel discussions on the evolving regulatory, business, and legal issues affecting the … Continue reading

Posted in Announcement, CFTC, Commodity Trading, Distressed Energy, Dodd-Frank, Energy Infrastructure, Enforcement and Investigations, ERCOT, Events, FERC, Finance, Oil & Gas, Power, PUCT, Regulation, Renewables

Futures & Derivatives Law Report: Energy Commodities – The Netherworld Between FERC and CFTC Jurisdiction

Paul J. Pantano, Jr., Terence Healey, and Joseph Williams authored an article entitled, “Energy Commodities – The Netherworld Between FERC and CFTC Jurisdiction” in the March issue of Futures & Derivatives Law Report. To view the full article, click here.

Posted in Articles, CFTC, Enforcement and Investigations, FERC, Oil & Gas, Power, Regulation

DC Circuit Court Holds FERC Lacks Jurisdiction in Hunter v. FERC

On Friday, March 15, 2013, the United States Court of Appeals for the D.C. Circuit held that “[b]ecause manipulation of natural gas futures contracts falls within the CFTC’s exclusive jurisdiction and because nothing in the Energy Policy Act clearly and … Continue reading

Posted in Cases, Enforcement and Investigations, FERC, Oil & Gas, Power, Regulation

First Ever Admission of Violation in FERC Manipulation Action

On November 19, 2012, FERC approved a settlement agreement between its Office of Enforcement and Gila River Power LLC (“Gila River”) addressing market manipulation claims related to activity in California.  As part of the settlement agreement, Gila River admits to … Continue reading

Posted in Cases, Enforcement and Investigations, FERC, Power, Regulation

Cadwalader Nominated for 2012 Commodity Business Awards

Cadwalader, Wickersham & Taft LLP has been nominated for the 2012 Commodity Business Awards in Excellence in Commodities: Legal. The Commodity Business Awards honor those companies that are making a significant impact on the way commodity business is conducted – … Continue reading

Posted in Announcement, CFTC, Commodity Trading, Dodd-Frank, Enforcement and Investigations, Oil & Gas, Power, Regulation