US regulator doles out Enron fines
The US Commodity Futures Trading Commission (CFTC) has hit Enron and its former trader Hunter Shively with $35 million and $300,000 in civil fines respectively for gas price manipulation.
It also alleged that immediately after the buying spree, Shively took various actions, including agreeing to cover trading losses of other traders involved in the scheme.
The manipulation of the Henry Hub spot market had a direct and adverse effect on the New York
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