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Tags: FERC | power | market | manipulation

FERC Sues Barclays Over Power Market Manipulation

Thursday, 10 October 2013 09:49 AM EDT

U.S. federal energy regulators said they filed suit in federal court in California against British bank Barclays Plc to recover $435 million in civil penalties for alleged power market manipulation.

The Federal Energy Regulatory Commission said it is seeking an order from the court affirming FERC's July 16 order assessing civil penalties against the bank and four of its traders.

© 2022 Thomson/Reuters. All rights reserved.


Markets
U.S. federal energy regulators said they filed suit in federal court in California against British bank Barclays Plc to recover $435 million in civil penalties for alleged power market manipulation.
FERC,power,market,manipulation
60
2013-49-10
Thursday, 10 October 2013 09:49 AM
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