GTM Solutions: FTC To Get Tough With Market Manipulators.

Online, September 8, 2009 (Newswire.com) - The Federal Trade Commission is to bring in new regulations to stop energy traders from manipulating the oil markets.

Insiders have told GTM Solutions that the FTC is determined to crack down on any fraudulent activity, which can damage the U.S economy.

GTM Solutions understand that from November the 4th the rule with prohibit fraud in the
energy markets and on the all futures exchanges.

FTC chairman Jon Leibowitz told GTM Solutions that the new rule is intended to crack down on any fraud that can have a detrimental effect for the U.S consumer, such as rising pump prices. GTM Solutions was told by an FTC insider that if there is any suspicion of wrong doing then the FTC will go after them.

GTM Solutions notes that this new rule came as President Obama made moves to stop exaggerated speculation on the commodity markets. This is opposite of the Bush days when he was seen as a friend to oil companies.

Already oil companies have criticized the ruling saying that fines will jump by more than a hundred-fold to what they are now. GTM Solutions analysts explain that the new rule may make the market less competitive; this in the end may hit the consumer more.

The reality of it is that we will not know the effect it will have on the economy but its good that the Obama administration is looking change the way things are done, with the aim of making sure the economy can be more stable.