<p>Baker Botts Partners and hosts <a href='https://www.bakerbotts.com/people/q/quigley-brendan'>Brendan Quigley</a> and <a href='https://www.bakerbotts.com/people/l/loesch-michael'>Michael Loesch</a> discuss two critical CFTC enforcement issues: cross-market manipulation and cooperation credit in investigations. They examine the recent case against TotalEnergies, which faced allegations of attempted manipulation in the European gasoline markets, resulting in a $48 million penalty and a cease-and-desist order.</p>

Baker Botts Partners and hosts Brendan Quigley and Michael Loesch discuss two critical CFTC enforcement issues: cross-market manipulation and cooperation credit in investigations. They examine the recent case against TotalEnergies, which faced allegations of attempted manipulation in the European gasoline markets, resulting in a $48 million penalty and a cease-and-desist order.

<p>Baker Botts Partners and hosts <a href="https://www.bakerbotts.com/people/q/quigley-brendan" rel="noopener noreferrer">Brendan Quigley</a> and <a href="https://www.bakerbotts.com/people/l/loesch-michael" rel="noopener noreferrer">Michael Loesch</a> discuss two critical CFTC enforcement issues: cross-market manipulation and cooperation credit in investigations. They examine the recent case against TotalEnergies, which faced allegations of attempted manipulation in the European gasoline markets, resulting in a $48 million penalty and a cease-and-desist order.</p>

CFTC Crackdown: TotalEnergies’ $48M Penalty

Join hosts, Michael Loesch and Brendan Quigley for the Enforcement Insider, the podcast providing quick hits on the latest trends and developments in investigations and enforcement matters impacting the energy markets and energy market participants. Your hosts truly are insiders. Brendan led numerous complex investigations during his seven years as an Assistant United States Attorney in the Southern District of New York and Michael spent more than 14 years of his career in federal regulatory and legislative service, holding senior leadership positions at both the CFTC and the SEC. Their experience brings valuable insights and provides real-world tips for mitigating risks and addressing key compliance and investigation challenges.

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CFTC Crackdown: TotalEnergies’ $48M Penalty

CFTC Crackdown: TotalEnergies’ $48M Penalty