This Sidley Energy Enforcement update covers:

• Federal Energy Regulatory Commission (FERC) approves settlement between Enforcement staff and Coaltrain
• Both FERC and Commodity Futures Trading Commission (CFTC) enforcement reports highlight the respective agency’s continued commitment to strong enforcement
• U.S. Court of Appeals for the Fifth Circuit upholds FERC’s finding that BP manipulated the natural gas market but remands to FERC to recalculate its $20 million penalty
• CFTC orders Glencore to pay a record-setting penalty of $1.186 billion
• CFTC and Securities and Exchange Commission (SEC) orders over $1.8 billion in fines against 11 firms for recordkeeping failure — employees using unapproved method of communications such as texts and WhatsApp on personal devices

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