(Bloomberg) -- The U.S. natural gas market lacks
sufficient oversight and Congress needs to close a federal
loophole that allowed Amaranth Advisors LLC to evade regulators
in the biggest-ever hedge fund collapse, Senator Carl Levin said.
``Congress needs to do much more to safeguard U.S. energy
markets from price manipulation and excessive speculation,''
Levin, the Michigan Democrat who chairs the investigations
committee, said today at a hearing on gas markets in Washington.
``The first step is to close the Enron loophole.''
Read more at Bloomberg Energy News
sufficient oversight and Congress needs to close a federal
loophole that allowed Amaranth Advisors LLC to evade regulators
in the biggest-ever hedge fund collapse, Senator Carl Levin said.
``Congress needs to do much more to safeguard U.S. energy
markets from price manipulation and excessive speculation,''
Levin, the Michigan Democrat who chairs the investigations
committee, said today at a hearing on gas markets in Washington.
``The first step is to close the Enron loophole.''
Read more at Bloomberg Energy News
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