While declining to be specfic, CFTC Chairman James Newsome confirmed that the agency is cooperating with the SEC, Justice Department and Federal Energy Regulatory Commission in the various investigations that are being conducted in connection with the Enron affair.
The CFTC is believed to be looking into whether Enron committed fraud or manipulated markets through improper trading on commodity exchanges.
An Enron spokesman confirmed that the company would cooperate fully with the enquiry.
Enron Commodity Trades Probed
The investigations into irregularities at Enron took a new turn over the weekend. In the latest twist, the head of the Commodity Futures Trading Commission has confirmed that the agency is investigating Enron's commodity trading activities.
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