21
August
2017
Energy Enforcement Update
This week’s enforcement update covers:
- FERC and Smith file pleadings on Smith motion for judgment on the pleadings in Barclays case;
- CFTC finds that the Bank of Tokyo-Mitsubishi UFJ, Ltd. engaged in spoofing of Treasury futures and Eurodollar futures – applauds cooperation of the bank;
- Appeals court upholds spoofing conviction against Michael Coscia;
- FERC quorum restored with two new Commissioners;
- Senate unanimously confirms CFTC nominees;
- CFTC orders trader to pay $650,000 civil penalty for spoofing;
- Judge grants motions to dismiss New York ZEC lawsuit; and
- Fifth Circuit denies TOTAL petition for rehearing en banc of declaratory judgment action against FERC.
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24
July
2017
Energy Enforcement Update
This week’s enforcement update covers:
- Second Circuit reverses Rabobank LIBOR convictions over forced testimony;
- Judge issues pretrial scheduling order in FERC case against Barclays;
- Judge grants motions to dismiss Illinois ZEC lawsuit;
- Ryan Smith files motion for judgment on the pleadings in Barclays case;
- President Trump nominates Rostin Behnam to serve as CFTC Commissioner;
- President Trump announces intent to nominate Kevin McIntyre as FERC Chairman;
- FERC issues Notice of Alleged Violations against Rover Pipeline and Energy Transfer Partners;
- CFTC files response to Kraft motion to compel; and
- FERC issues Notice of Alleged Violations against American Transmission Company.
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06
July
2017
Energy Enforcement Update
This week’s enforcement update covers:
- CFTC enters into non-prosecution agreements with former Citigroup Global Markets Inc. traders in spoofing case;
- CFTC orders $5.2 million in civil penalties for wash sales designed to generate exchange rebate fees;
- FERC hosts technical conference on developments in natural gas index liquidity and transparency;
- Senate Energy & Natural Resources Committee releases new energy bill;
- President Trump announces intent to nominate Richard Glick as FERC Commissioner;
- FERC Enforcement and City Power file status report on settlement; and
- Judge grants Kraft Foods motion to compel discovery from the CFTC.
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