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 . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
0