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Senate to FTC, CFTC: police markets more aggressively

06/09/2008
Two federal regulatory agencies are moving too timidly in response to record crude oil prices, US Sen. Maria Cantwell (D-Wash.) said during a Senate committee hearing on energy market manipulation and federal regulatory regimes.Cantwell will press both the Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) to regulate oil and commodity markets more aggressively, Cantwell said following the June 3 Commerce, Science, and Transportation Committee hearing, which she chaired.She wants FTC to issue an interim rule under the oil market investigation and regulation authority it received under the 2007 Energy Independence and Security Act while it completes its form...
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