November 14, 2017 BY Valentina Kirilova

CFTC charges Statoil ASA for attempt to manipulate the Argus Far East Index

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Statoil ASA (NYSE:STO), an international energy company headquartered in Stavanger, Norway. The CFTC Order finds that from as early as October 2011 through November 2011, Statoil attempted to manipulate the Argus Far East Index (FEI) in order to benefit Statoil’s…

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