Turf Wars Hurting Energy Market Regulation, Sens. Say

Law360, New York (April 30, 2013, 3:50 PM EDT) -- Three powerful U.S. senators on Monday urged the Commodity Futures Trading Commission and Federal Energy Regulatory Commission to collaborate to police U.S. energy markets as mandated by the Dodd-Frank Act, claiming recent turf battles between the agencies have undermined efforts to crack down on market manipulation and hurt consumers.

Dodd-Frank required that the CFTC and FERC enter into memorandums of understanding that would outline how the regulators can exercise their authority over energy markets and share information without stepping on each other's toes. The MOUs were...
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