Bibliograph

Modern energy market manipulation, by Andrew N. Kleit

Type

Label

Modern energy market manipulation, by Andrew N. Kleit

Language

eng

Index

no index present

Literary Form

non fiction

Main title

Modern energy market manipulation

Oclc number

1046069849

Responsibility statement

by Andrew N. Kleit

Summary

Andrew N. Kleit’s Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and drawing upon the substantial available legal evidence, it examines two categories of manipulation cases: those in which the allegations clearly fit the definition of manipulation but in which the facts of the case are unclear, and conversely, those in which the facts of the case are clear but in which it is uncertain whether they actually constitute manipulation. Throughout his discussions, Professor Kleit casts a critical eye not only on energy companies but also on the legal decisions and processes at the Federal Energy Regulatory Commission, which acts as both prosecutor and judge in manipulation matters, and which has consistently sided with its own staff and against defendants. As this book deftly shows, both defendants and prosecutors alike have benefitted from the ambiguities at the heart of existing definitions of market manipulation. --, Provided by publisher

Table Of Contents

Chapter 1. What is Manipulation? What is Not Manipulation? Chapter 2. Theories of Manipulation. Chapter 3. Some Historical Manipulation Cases, or Understanding Why the Hunt Brothers Did Not Manipulate the Silver Market. Chapter 4. DiPlacido: The CFTC Confuses Manipulation and Hedging. Chapter 5. Introduction to Electricity Markets. Chapter 6. Were California's Electricity Markets Manipulated, and by Whom? Chapter 7. Deutsche Bank: What Should the Legal Rule for Trading Financial Transmission Rights Be? Chapter 8. Amaranth and Brian Hunter: You Certainly Look Guilty Chapter 9. BP America: Let the Best Story Win! Chapter 10. Barclays: The Defendant Meets Mr. Kafka. Chapter 11. Rumford and Silkman: Money for Nothing, Kicks for Free. Chapter 12. Powhatan: What is Manipulation? Chapter 13. Some Final Thoughts

Creator