Posted 10 years ago on May 6, 2013, 9:45 p.m. EST by GirlFriday
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The alleged market manipulation cost the states $83 million in excess payments.
The nation's largest bank could face stiff penalties from the Federal Energy Regulatory Commission (FERC), a low-profile agency charged with regulating the sale of electricity. FERC has not yet made a public statement about the investigation, but analysts suggest the regulator is likely to pursue charges. Call it the "Enron effect."
Awe.........it'll be another slap on the hand. http://www.csmonitor.com/Environment/Energy-Voices/2013/0506/JPMorgan-Chase-accused-of-rigging-energy-markets