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Shell agrees to pay $1 million in fines over allegedly manipulative trading

S&P Global Platts

Shell agrees to pay $1 million in fines over junior trader’s allegedly manipulative trading

Following an investigation, FERC enforcement staff alleged that Shell engaged in a related-positions fraudulent scheme, in violation of the Natural Gas Act and the commission’s anti-manipulation rule.

Shell neither admitted nor denied the alleged violations, but it agreed to pay a $951,683 civil penalty to the US Treasury and to disgorge $48,317 in profits, plus interest.

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