|Received:||5/3/2008 10:18:02 AM|
|Agency:||Federal Trade Commission|
|Rule:||Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007|
Comments:1 million a day fine doesn't seem very punitive for an industry whose profit is many times more than 1 million a day. If the goal is intended to punish the offender, fining a company alone won't do that. You need financial loss for the company but more importantly, you need prison time for individuals involved in the recommendation and approval process of cheating hard working Americans out of their livelihood.