(Note: all files are in pdf format)

Issue Date	Subject of Investigation	Description of Alleged Misconduct	Dates of Alleged Misconduct
December 2, 2016	GDF SUEZ Energy Marketing NA, Inc. (GSEMNA)	Violation of the Commission’s Anti-Manipulation Rule, 18 C.F.R. § 1c.2 (2016), by engaging in a strategy to target and inflate its receipt of lost opportunity cost credits (LOCs) in the PJM Interconnection, L.L.C. (PJM) market.	May 2011 to September 2013
August 3, 2016	National Energy & Trade, L.P. (National Energy)	Violation by National Energy of  18 C.F.R. § 1c.1 by fraudulently trading physical basis at Texas Eastern M3 (Tetco M3) during the January 2012 bidweek to increase the value of its financial basis position and also fraudulently trading physical basis at Henry Hub during the April 2014 bidweek to increase the value of its financial exposure.	January 2012 and April 2014
August 3, 2016	David Silva	Violation by David Silva of 18 C.F.R. § 1c.1 by fraudulently trading physical basis at Texas Eastern M3 (Tetco M3) during the January 2012 bidweek to increase the value of his financial basis position.	January 2012
May 6, 2016	Saracen Energy Midwest, LP	Violation by Saracen Energy Midwest, LP of Southwest Power Pool, Inc.’s Open Access Transmission Tariff § 7.4.1(4) by submitting bids for Transmission Congestion Rights at Electronically Equivalent Settlement Locations.	August 2014–March 2015

* Indicates that the investigation has been resolved through settlement.  See Civil Penalty Actions for more information.