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Aug 27, 07:50 PM
TOTSA TotalEnergies Fined $48 Million for Market Manipulation
Law
Business

TOTSA TotalEnergies Fined $48 Million for Market Manipulation

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  • Reuters
  • Bloomberg
  • Fast Company
11

The U.S. Commodity Futures Trading Commission (CFTC) has ordered TOTSA TotalEnergies Trading, a Swiss energy trading unit of TotalEnergies, to pay a $48 million fine. The penalty comes after allegations that the company attempted to manipulate the market for European benchmark gasoline futures. The CFTC's action is part of its ongoing efforts to ensure market integrity and prevent fraudulent activities in commodity trading.

Written with ChatGPT (GPT-4o).

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