Both regulators prosecuted Amaranth. Explain the grounds on which both regulators felt they
had jurisdiction.
What will be an ideal response?
CFTC claimed jurisdiction because Amaranth dealt in natural gas futures and option contracts. FERC claimed jurisdiction because it believed that Amaranth influenced physical gas prices. Because the NYMEX settlement price is used as the basis for many cash market transactions, FERC argued that Amaranth's trades increased natural gas prices to wholesale market participants, thereby harming natural gas customers.
You might also like to view...
When a new partner is admitted,
a. the old partnership continues to exist and the name of the new partner is added. b. the old partnership is dissolved and a new one is created. c. the old partnership is dissolved and a new form of ownership must be chosen. d. the old partnership continues to exist and the new partner invests in the existing business.
Agency specialists enjoy some advantages over in-house public relations professionals, including ________
A) their detached, inside-out focus B) the higher regard management has for them over inside practitioners C) their familiarity with the culture of an organization D) their opportunity to stay above the politics of the organization
What are the three main purposes of the federal Bankruptcy Code? How are these purposes supported and fostered in the Code?
Organizations can operate efficiently only when shared values exist among the employees.
Answer the following statement true (T) or false (F)