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FTC Proposes Rule Prohibiting "Market Manipulation" in the Petroleum Industry: Comments Due By September 18 |
August 27, 2008
The Energy Independence and Security Act of 2007 ("EISA"), 42 U.S.C. §§ 17001-17386, available at http://thomas.loc.gov., granted the Federal Trade Commission ("FTC") new authority to promulgate regulations prohibiting "market manipulation" in wholesale petroleum markets. Exercising this recently granted authority, the FTC has issued and is seeking public comment on a proposed rule prohibiting petroleum market manipulation. The public comment period on the proposed rule begins tomorrow, August 19, 2008, and ends on September 18, 2008. The FTC expects to conclude the rulemaking process by the end of this year.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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