Thursday, July 26, 2007

NYMEX Issues Statement Regarding CFTC Enforcement Action Against Amaranth Advisors and Brian Hunter

These boys have a potentially really big problem.

...As also set forth in the complaint, following the initiation of a NYMEX inquiry into Amaranth's trading activity, the CFTC has alleged that Amaranth provided material misrepresentations to the Exchange, thus frustrating NYMEX's ability to obtain all relevant information for its inquiry.

From CNN Money