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Funds pay the price
13 September 2007
Read more:
amaranth advisors
us federal energy regulatory commision
manipulation
fines
The US Federal Energy Regulatory Commission (FERC) has said that Amaranth Advisors and its former traders Brian Hunter and Matthew Donohoe should pay $291 million in fines and penalties for alleged market manipulation in gas futures in early 2006.
The Commission accused them of manipulating the price of Commission-jurisdictional transactions by trading in the NYMEX Natural Gas Futures Contract in February, March and April 2006. The charges are not concerning events related...
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