Document ID: FERC-2016-1081-0001
Agency: ferc
Document Type: Notice
Title: Alleged Violations: David Silva
Posted Date: 2016-08-09T04:00Z

[Federal Register Volume 81, Number 153 (Tuesday, August 9, 2016)]
[Notices]
[Page 52677]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18830]

-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Staff Notice of Alleged Violations

    Take notice that in a preliminary, non-public investigation 
pursuant to 18 CFR part 1b, the staff of the Office of Enforcement of 
the Federal Energy Regulatory Commission (Commission) has preliminarily 
determined that David Silva (Silva) violated the Commission's 
Prohibition of Natural Gas Market Manipulation, 18 CFR 1c.1 (2016).
    Staff alleges that Silva violated 18 CFR 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. Specifically, staff alleges that Silva accomplished this 
fraud by selling physical basis at Tetco M3 at arbitrarily low prices 
early in the morning to benefit a large short financial basis position 
acquired before bidweek, a large part of which he repurchased after 
making his physical basis sales.
    This Notice does not confer a right on third parties to intervene 
in the investigation or any other right with respect to the 
investigation.\1\
---------------------------------------------------------------------------

    \1\ Enforcement of Statutes, Regulations, and Orders, 129 FERC ] 
61,247 (2009).

    Dated: August 3, 2016.
Kimberly D. Bose,
Secretary.
[FR Doc. 2016-18830 Filed 8-8-16; 8:45 am]
 BILLING CODE 6717-01-P