Ferc won’t appeal Hunter ruling, says Wellinghoff
Ferc chairman says agency won’t appeal ruling against it, but will seek to persuade Congress to change the law
The US Federal Energy Regulatory Commission (Ferc) will not appeal a ruling against it in an attempt to fine Brian Hunter, a former trader at defunct Connecticut-based hedge fund Amaranth Advisors, according to the agency’s Washington, DC-based chairman, Jon Wellinghoff.
The ruling by the US Court of Appeals for the District of Columbia Circuit, which came on March 15, is the latest development in a turf war between Ferc and the US Commodity Futures Trading Commission (CFTC).
In April 2011, Ferc
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