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CFTC orders energy trader to pay $48m for attempted market manipulation

Sign showing various gasoline prices, depending on unleaded, leaded, etc., at a petrol station in Europe.
Photo Se:an Gallup/Getty Images

Julie DiMauro

2 min read
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The CFTC alleged energy market price manipulation in this case, leading to a $48m fine and a message to other businesses about broker tactics.

In an order that filed and simultaneously settled charges of benchmark energy price manipulation, the Commodity Futures Trading Commission (CFTC) has required energy trader TOTSA to pay a $48m civil monetary penalty.

A CFTC statement detailed how the agency has ordered charges against energy company TOTSA for manipulating the market

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