President Obama Issues Statement on Regulatory Oversight of Oil Markets

more+
less-

The President also called upon Congress to: (i) increase funding to provide additional staff and improved technology for energy market regulators; (ii) increase the civil and criminal penalties for market manipulation; and (iii) grant the Commodity Futures Trading Commission the authority to increase margin requirements for energy traders. The President’s proposal also calls for $52 million in additional funding for the CFTC and for an increase in financial penalties for violations by imposing fines on a per-day rather than per-occurrence basis.

Click here for more information.

 

Published In: Administrative Agency Updates, Consumer Protection Updates, Energy & Utilities Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »