The U.S. Commodity Futures Trading Commission (CFTC) has fined a trading unit of French supermajor TotalEnergies for attempted manipulation of the gasoline futures market in 2018. The U.S. market regulator ordered TOTSA TotalEnergies Trading SA, formerly known as TOTSA Total Oil Trading SA (TOTSA), to pay a $48 million civil monetary penalty and cease and desist from violating the Commodity Exchange Act (CEA) and CFTC regulations. According to the CFTC’s findings, Switzerland-based TOTSA, which is not registered with the CFTC, attempted to…
