FERC Proposes $435 Million Penalty for Barclays’ Energy Trading

Barclays Plc was ordered by the Federal Energy Regulatory Commission to show why it shouldn’t be assessed a civil penalty of $435 million, plus $34.9 million in profit disgorgement, after the agency alleged the bank manipulated U.S. energy markets from late 2006 to 2008.

The agency proposed the penalties in a show-cause order issued today.

To contact the reporter on this story: Brian Wingfield in Washington at bwingfield3@bloomberg.net

To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net

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