FORMER WILLIAMS NATURAL GAS TRADER AGREES TO COOPERATE WITH GOVERNMENT
U.S. Commodity Futures Trading Commission (CFTC) Continues Probe Into Illegal Conduct by Natural Gas Traders
WASHINGTON, D.C. - The U.S. Commodity Futures Trading Commission (CFTC) announced
today that on May 20, 2005, it filed an action and simultaneously issued an
administrative settlement order against Brion Scott McKenna, a former natural
gas trader for Williams Energy Marketing and Trading (Williams). McKenna,
without admitting or denying the allegations against him, agreed, in connection with
this proceeding and any related inquiry, to cooperate fully with the CFTC and other
federal authorities. As part of the settlement order, the CFTC revoked McKenna’s
registration for three years.
Gregory G. Mocek, Director of the Division of Enforcement, stated: “Mr. McKenna has taken the first step in righting a wrong he committed by pleading guilty and agreeing to cooperate with law enforcement.”
The CFTC applauds the efforts of the Department of Justice, the U.S. Attorney’s Office for the Northern District of California, and the Federal Bureau of Investigation for their efforts in this matter.
The following CFTC Division of Enforcement staff members were responsible for this case: Elizabeth C. Brennan, Steven Ringer, Lenel Hickson, Jr., Stephen J. Obie, and Richard Wagner.
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