CFTC, FTC Agree to Share Information on Energy Investigations

CFTC PR 6020-11

April 12, 2011

Memorandum of Understanding

The CFTC and FTC signed a Memorandum of Understanding (MOU) that will facilitate sharing of non-public information on investigations being conducted by the agencies, including investigations into the oil and gasoline markets.

Both the FTC and CFTC have authorities to take legal action to stop fraud-based manipulation of the petroleum markets. In addition, the CFTC has exclusive jurisdiction to regulate exchanges, clearing organizations and intermediaries in the U.S. futures industry. The MOU will further facilitate information sharing between the FTC and CFTC on regulatory issues of common interest, such as manipulation of oil and gasoline markets.

Cross References

CEA Sec. 9