Federal court begins review of manipulative virtual trading charges against Etracom

摘要

FERC last week petitioned a federal district court to affirm just overrn$2.8 million in civil penalties and disgorged profits assessed againstrnEtracom and its primary owner Michael Rosenberg for allegedlyrnmanipulating California’s electricity market.rnThe filing August 17 with the US District Court for the EasternrnDistrict of California in Sacramento was expected following FERC’srnJune 17 issuance of an order assessing penalties (FERC v. Etracom andrnMichael Rosenberg, 2:16-cv-01945).