We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

A Wide-Ranging Investigation In The Oil Industry

Law360 (June 24, 2008, 12:00 AM EDT) -- In what it called an “extraordinary step,” the Commodity Futures Trading Commission (“CFTC”) recently disclosed a wide-ranging investigation into potential fraud, manipulation and abusive trading practices in the oil markets.

The agency's far-reaching investigation, pending since December 2007, reaches all “practices surrounding the purchase, transportation, storage, and trading of crude oil and related derivative contracts.”

The agency also announced the formation of an interagency task force – including the Federal Reserve, the Department of the Treasury, the Securities and Exchange Commission (“SEC”), the Department of Energy...
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.