CFTC Crackdown: TotalEnergies’ $48M Penalty

Baker Botts Partners and hosts Brendan Quigley and Michael Loesch discuss two critical CFTC enforcement issues: cross-market manipulation and cooperation credit in investigations. They examine the recent case against TotalEnergies, which faced allegations of attempted manipulation in the European gasoline markets, resulting in a $48 million penalty and a cease-and-desist order.