It’s not so easy any more to manipulate energy trades. Ask JPMorgan
Chase & Co. (JPM: NYSE), which last week became the first ever
actively trading company to be sanctioned by the Federal Energy
Regulatory Commission (FERC).
The Commission has revoked JPMorgan Ventures Energy Corp’s right to trade power for six months in 2013.
JPMorgan isn’t the only one to be targeted for energy trades manipulating this month: The Commission has also proposed fines for some of the world’s other largest banks, including Barclays Plc (BARC:LSS) and Deutsche Bank AG (DBK:ETR).
Read more: http://oilprice.com/Finance/investing-and-trading-reports/JPMorgan-Sanctioned-for-Energy-Trade-Manipulation.html
The Commission has revoked JPMorgan Ventures Energy Corp’s right to trade power for six months in 2013.
JPMorgan isn’t the only one to be targeted for energy trades manipulating this month: The Commission has also proposed fines for some of the world’s other largest banks, including Barclays Plc (BARC:LSS) and Deutsche Bank AG (DBK:ETR).
Read more: http://oilprice.com/Finance/investing-and-trading-reports/JPMorgan-Sanctioned-for-Energy-Trade-Manipulation.html
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