Barclays Will Test FERC's Power To Police Energy Pricing

Law360, New York (July 18, 2013, 8:04 PM EDT) -- A record $435 million fine for Barclays PLC and rumors of an even larger one for JPMorgan Chase & Co. highlight the Federal Energy Regulatory Commission's growing clout in policing energy market manipulation, but experts say Barclays' vow to fight its penalty in court will test just how far the commission can stretch its anti-manipulation authority.

FERC on Tuesday fined Barclays and four of its traders a combined $453 million and ordered the bank to disgorge disgorge some $35 million in unjust profits for allegedly manipulating electricity...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.