Reported about 1 month ago
The U.S. Commodity Futures Trading Commission has fined Swiss energy trader TOTSA TotalEnergies Trading SA $48 million for attempting to manipulate the market for European gasoline futures. The company was accused of flooding the market with low-priced gasoline while holding a short position, which aimed to profit from a decline in futures prices. The case underscores the regulatory body's commitment to maintaining market integrity and deterring misconduct.
Source: YAHOO