HUFFINGTON POST / REUTERS: The U.S. power market regulator took a step toward charging JPMorgan Chase & Co. with gaming electricity prices on Monday, confirming months of media reports about “manipulative” trading schemes that have rattled the bank…
The U.S. Federal Energy Regulatory Commission (FERC) staff has found “eight manipulative bidding strategies” used by a JPM affiliate in 2010 and 2011, the regulator said…
The notice comes as little surprise after weeks of reports that JPMorgan and FERC are in talks to settle the alleged trading infractions for as much as $400 million… (more)
