CFTC-Ferc deal leaves enforcement question unanswered

Deal does not resolve agencies' battle on enforcement

A recent deal between the US Commodity Futures Trading Commission (CFTC) and the Federal Energy Regulatory Commission (Ferc) has failed to address a key question on the minds of many energy traders – namely, which of the two agencies will be the primary enforcer of market manipulation rules.

On January 2, the CFTC and Ferc announced they had signed two memorandums of understanding (MOUs) on procedures for sharing information and resolving jurisdictional conflicts between the two agencies, more t

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