Whistleblower to testify to commission regulators on alleged gas-price fixing

November 13, 2012 by legitgov

Whistleblower to testify to commission regulators on alleged gas-price fixing 13 Nov 2012 The whistleblower who first raised the alarm about what he believed to be attempts to manipulate gas prices has been summoned to Brussels to explain to European Union regulators how the market might have been distorted. Seth Freedman will meet Maria-Teresa Fabregas-Fernandez, deputy head of securities markets at the European commission. The unit is considering new regulations for benchmarks and indices, such as the gas price that Freedman claims may have been distorted by traders... UK gas prices set the benchmark for gas trading across Europe.