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Tuesday, 09/22/2015 1:53:01 PM

Tuesday, September 22, 2015 1:53:01 PM

Post# of 102
U.S. federal energy regulators allege traders at Total (TOT -2.5%) manipulated the natural gas market in the southwest U.S. between June 2009 and June 2012.

FERC staff say the scheme involved making "largely uneconomic trades for physical natural gas during bidweek designed to move indexed market prices in a way that benefited the company's related positions."

In recent years, FERC has alleged violations of similar types of trading manipulation by JPMorgan Chase, which paid $285M in fines in 2013, and Barclays and BP, which are still fighting FERC allegations against them.

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