FERC - Amaranth Related Fine
The WSJ is reporting that the Federal Energy Regulatory Commission (FERC) has fined Brian Hunter, the hedge fund trader whose trades led to the downfall of Amaranth Advisors LLC, $30 million. "In a statement, FERC said it found Mr. Hunter 'sold significant numbers of futures contracts' at times when the market was vulnerable to big price swings 'with the intent to depress prices and financially benefit his significant derivative positions held on other platforms.'"
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