FERC Chair Jon Wellinghoff, '75 on JP Morgan $410 M Fine
Wednesday, July 31, 2013
Posted by: Joe Libertelli
FERC Chair Jon Wellinghoff, '75, in the News!
Federal Energy Regulatory Commission Chair, Jon Wellinghoff, '75, was quoted in the Washington Post on July 31, 2013, with regard to JP Morgan's agreement to settle a huge California electricity rate manipulation case.
"On Tuesday, FERC Chairman Jon Wellinghoff said that whether banks such as JPMorgan should stay in the commodities business was up to Congress. "We just believe that whoever is engaged in markets should play by the rules,” said Wellinghoff, "and if not, then our enforcement division will come after them.”
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