Barclays Faces $453 Million Fine For Rigging US Energy Market – ValueWalk Premium

Barclays Faces $453 Million Fine For Rigging US Energy Market

Federal Energy Regulatory Commission upheld a fine of $453 million on Barclays PLC (NYSE:BCS) (LON:BARC) for alleged manipulation of electricity prices.

FERC asked Barclays PLC (NYSE:BCS) (LON:BARC) to pay $435 million within 30 days, while the managing director of a power trading team, Scott Connelly, was asked to pay $15 million and three others were required to pay $1 million each, taking the total fine imposed . . .

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