FERC charges JPMorgan with manipulating energy markets

The Federal Energy Regulatory Commission formally accused JPMorgan Chase of manipulating energy markets in connection with rights to sell electricity from power plants that it acquired in its takeover of Bear Stearns in 2008. The commission's action sets the stage for a multimillion-dollar settlement of the charges that could be made public as early as this week, people briefed on the matter said.

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