Legal & Compliance


Powerex’s reputation depends on our ongoing commitment to integrity and honesty in all of our business dealings. Powerex is committed to maintaining a high level of compliance with applicable laws, regulations, tariffs, market rules and exchange rules, and to maintaining ethical standards in our operations. To preserve our strong and deeply embedded culture of compliance, Powerex has developed a robust compliance program, led by the Compliance Department.

Powerex’s electric and natural gas trading activities are regulated by a number of federal, state and provincial regulatory bodies. The Federal Energy Regulatory Commission (FERC) regulates our wholesale electricity and natural gas trading activities in the U.S., while the Commodity Futures Trading Commission (CFTC) has authority over our U.S. trading activity involving the futures and physical markets for energy products. Both the FERC and the CFTC have Anti-Manipulation Rules making it unlawful to manipulate or attempt to manipulate the energy markets.  

Powerex’s Compliance Department provides our traders with mandatory training and ongoing guidance and support to ensure the highest degree of compliance. Our Trading Code of Conduct  and other policies, procedures and guidance clearly define Powerex’s expectations with regard to employee conduct pertaining to trading activities.

We’ve outlined our expectations with regard to employee conduct pertaining to trading activities in our Trading Code of Conduct  and in other Powerex policies, procedures and guidance.

The Director of Compliance, Chief Legal & Compliance Officer, Chief Executive Officer, and Board provide oversight and guidance to Powerex’s compliance program.



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