Mixed reaction to CFTC’s oil manipulation settlement

摘要

Washington—The Commodity Futures TradingCommission’s $14 million settlement over aNYMEX energy manipulation scheme is eitherthe precursor to a wave of anti-manipulationcases in crude oil and other markets, ora one-off coincidence that largely will beignored, sources said April 20.“I think it’s a sign that the CFTC is goingto be much more interested in pursuingmarket manipulation cases,” said Shaun Led-gerwood, a senior consultant at The BrattleGroup and a former economist with the Fed-eral Energy Regulatory Commission’s officeof enforcement who assisted in proceedingsagainst Amaranth Advisors and Energy Trans-fer Partners. “The only constraint they have istheir resources, if their budget gets expandedtheir enforcement and market oversightefforts will expand right along with it.”