New FTC Rule Would Target Oil Market Manipulation

Law360, New York (August 22, 2008, 12:00 AM EDT) -- The U.S. Federal Trade Commission has proposed new rules meant to target manipulation of crude oil and gas markets in order to enforce the Energy Independence and Security Act, passed last year.

In a notice of proposed rulemaking published in the Federal Register on Aug. 19, the FTC said that it had tentatively concluded a limited rule pursuant to the law, which institutes a wide range of energy reforms. The commission is asking for public comments, which must be submitted by Sept. 18.

The proposed rule...
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