Dave Doot Quoted on Increased FERC Oversight in Reuters
Publisher: Reuters
July 22, 2013
Dave Doot discusses the effect the Federal Energy Regulatory Commission's expanded regulatory power is having on traders, especially in light of a possible record settlement by JP Morgan over alleged California energy market manipulation, in a July 22 Reuters article. Dave says that "FERC is trying to convey where it views market activity that might otherwise be permitted under the letter of the market regulations to nonetheless be considered unlawful and, in FERC's view, manipulation." He went on to say that clients are reviewing their actions to stay clear of any potential gray areas.
The full article can be found here. The story was also picked up by?The Economic Times and Yahoo! Finance.
