The fight against market abuse continues worldwide. This post covers some interesting cases that have emerged since our last posts on the topic here and here.

In Great Britain, Ofgem has closed the investigation into National Grid regarding the provision of incorrect demand forecasts. The case has been settled for 1.5 million GBP and can be accessed here.

FERC has proposed that a trading firm be fined $240m for market manipulation in Financial Transmission Rights in the PJM market. The press release can be found here. The activity including sending misleading price signals and making false statements.

A fine of $500k levied by the CFTC on an asset manager in the US, for executing wash trades in various commodities. The press release can be found here and the order here. The company used pre arranged trades to transfer positions from one FCM to another, leading to the transfers via wash trade. The activity was approved by compliance and senior management. The offences listed include the placing of wash trades and also inadequate supervision and systems.

This story on the news.com.au site reports on intervention by Chinese regulators on Iron Ore prices. This article on the Australian Financial Review site also reports on the topic.