CFTC Plays Hardball As Oil Crisis Intensifies

Law360, New York (April 20, 2012, 3:29 PM EDT) -- The U.S. Commodity Futures Trading Commission on Thursday netted its largest ever settlement in a case over price manipulation in the oil markets, inking a $14 million deal to end its long-running suit against Optiver Holding BV just days after President Barack Obama tasked regulators with curbing excessive speculation among energy traders.

The CFTC announced the deal with Optiver two days after the president unveiled a multiagency probe into possible connections between illegal speculation and rising gas prices. In 2008, the agency accused Optiver and three of...
To view the full article, register now.