16.11.2012 - 23:59 [ AllGov ]

In a Regulatory First, JPMorgan Suspended from Trading in Energy Market

The suspension of JPMorgan Ventures Energy Corp. by the Federal Energy Regulatory Commission (FERC) Wednesday was a first for the agency, which has announced 11 investigations of traders for manipulating the state’s power market. It reached a $245 million settlement with Constellation Energy Group Inc. and is seeking a record $469 million from Barclays.