News release: “The Federal Trade Commission today issued a Final Rule that will prohibit market manipulation in the petroleum industry. The Rule will prohibit fraud or deceit in wholesale petroleum markets, and omissions of material information that are likely to distort petroleum markets. The FTCs approval of the Rule concludes a proceeding that incorporated several rounds of public comment. The Final Rule will become effective on November 4, 2009. The Commission issued this Rule under the Energy Independence and Security Act of 2007, pursuant to a provision included by Senator Maria Cantwell of Washington State.”
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