CFTC Takes McGraw-Hill to Court

SPECIAL REPORT

The Commodity Futures Trading Commission (CFTC) filed an application with the US District Court on May 19 regarding the McGraw-Hill Companies’ failure to comply with two subpoenas requesting documents. The subpoenas are part of a CFTC investigation into the possible manipulation of trade data by energy traders.

McGraw-Hill subsidiary Platts obtains energy price and volume information from energy trading companies to create indexes of natural gas prices. The CFTC is investigating whether the t

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