Mirant's Atha Settles CFTC Action

Law360, New York (November 8, 2007, 12:00 AM EST) -- A former Mirant Corp. trader who pleaded guilty to conspiring to manipulate the price of natural gas has settled the U.S. Commodity Futures Trading Commission's enforcement suit, agreeing to a $200,000 penalty and permanent disqualification from CFTC registration.

On Wednesday, Paul Atha signed a consent order in the U.S. District Court for the Northern District of California fining and permanently enjoining him from seeking to register with the CFTC and from acting as a principal under the National Futures Association.

In exchange, the CFTC agreed to...
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