| Comment Number: | 535819-00148 |
| Received: | 6/23/2008 5:50:54 PM |
| Organization: | U.S. D.O.J. Criminal Fraud Section |
| Commenter: | Ian DeWaal |
| State: | DC |
| Agency: | Federal Trade Commission |
| Rule: | Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 |
| No Attachments |
Comments:
Dear Sir or Madam: The U.S. Department of Justice Criminal Fraud Section has one comment. On page 23, Section A comment in sought on “defining market manipulation” and ”whether an effect on market prices should be a necessary element of proof…” Certainly, there should be no requirement that one succeed in moving prices…the only requirement should be an attempt to do so….whether successful or not. Thank you for your conisderation. Ian C. Smith DeWaal, Senior Counsel United States Department of Justice Criminal Division, Fraud Section Bond Building 10th & Constitution Avenue NW Washington, DC 20530-0001