Amaranth-FERC Dispute Draws CFTC's Attention

Law360, New York (January 14, 2008, 12:00 AM EST) -- The U.S. Commodity Futures Trading Commission is seeking court permission to intervene in Amaranth Advisors LLC's bid for review of orders – including a $256 million proposed penalty and order to show cause – handed down by the U.S. Federal Energy Regulatory Commission.

The CFTC filed its motion for leave to intervene with the U.S. Court of Appeals for the District of Columbia Circuit on Jan. 7, to address the scope of the CFTC's exclusive jurisdiction with respect to futures trading.

The CFTC's motion seeks review...
To view the full article, register now.