CFTC Claims Record Wins With Year-End Stats

Law360, New York (October 2, 2007, 12:00 AM EDT) -- With the release of its fiscal year-end enforcement results Tuesday, the Commodity Futures Trading Commission revealed that it had honed in on energy market manipulation and raked in over $540 million from targets, in spite of recent gripes that its abilities are hampered by limited funding and staffing.

Along with that record sum of penalty, restitution and disgorgement gains, the commission filed 41 new actions in fiscal year 2007, including eight against hedge funds or trading advisors and three against firms that stood accused of manipulating...
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