FTC Issues Revised Rule On Oil Market Manipulation

Law360, New York (April 16, 2009, 12:00 AM EDT) -- The Federal Trade Commission has proposed a revised rule meant to target manipulation of crude oil and gas markets after receiving a series of comments on a previous version of the mandate on several key issues.

The agency announced the latest version of the rule in a revised notice of proposed rulemaking Thursday on its Web site, saying it would “move quickly” to conclude the rulemaking proceedings once the period for public comments closed on May 20.

The revised proposed rule — which the agency said...
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