FERC Sets $30 Million Fine for Ex-Amaranth Trader Hunter
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The Federal Energy Regulatory Commission issued a $30 million civil penalty against former Amaranth Advisors LLC energy trader Brian Hunter, who is accused of manipulating the natural-gas futures market in 2006.
The fine “is a sufficient deterrent” to discourage traders from engaging in market manipulation, FERC Chairman Jon Wellinghoff told reporters today at the agency’s monthly meeting. Hunter has 30 days to pay or appeal, FERC said.