CFTC, FERC Settle Energy Markets Jurisdiction, Info Sharing

Law360, Los Angeles (January 2, 2014, 8:20 PM EST) -- The Federal Energy Regulatory Commission and the U.S. Commodity Futures Trading Commission have signed two agreements to address problems related to overlapping jurisdiction and information sharing as they collaboratively police U.S. energy markets for manipulation, fraud and abuse, the agencies jointly announced Thursday.

The two memoranda of understanding come after three U.S. senators in April urged the CFTC and FERC to work together as mandated by the Dodd-Frank Act, claiming recent turf battles between the agencies have undermined efforts to crack down on market manipulation and...
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