CFTC Claims Jurisidiction In Amaranth Trader Appeal

Law360, New York (November 4, 2008, 12:00 AM EST) -- The U.S. Commodity Futures Trading Commission has intervened in an appeal by the former lead trader at defunct hedge fund Amaranth Advisors LLC of the Federal Energy Regulatory Commission's jurisdiction in a suit over his alleged manipulation of natural gas futures contract prices.

In a brief filed Monday in the U.S. Court of Appeals for the District of Columbia Circuit, the CFTC intervened in the dispute, arguing that the language and legislative histories of the Commodity Exchange Act and the Natural Gas Act support the conclusion...
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