The Energy Policy Act of 2005 put some teeth into FERC’s ability to investigate energy market and electric reliability transgressions. Since its January 2007 meeting FERC has been aggressively enforcing its regulations. In addition to ten settlements ranging from one-half million to more than $10 million in penalties and other remedies, FERC and the CFTC have charged financial and physical energy markets participants with attempted market manipulation along with other violations and are now seeking hundreds of millions of dollars in penalties. The accused have been fighting back in court. This Summit will emphasize how to avoid such compliance problems by building strong cultures of compliance in entities potentially subject to FERC and CFTC oversight.
Van Ness Feldman's Paul Korman will be a panelist at this conference during the discussion titled "What to do if you are faced with a compliance audit or investigation." on May 21st from 9:15-10:15 AM.
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