Brian Hunter, the energy trader who sunk Amaranth Advisors late last summer with billions of dollars in misplaced energy bets, has asked the courts for protection from sanctions that threaten his new fund launch.
The Federal Energy Regulatory Commission on July 26 ordered Hunter to pay $30 million in penalties for manipulating the futures market. Hunters former employer, Amaranth, was ordered to pay $200 million in penalties plus the disgorgement of more than $59 million in unjust profits. A second Amaranth trader, Matthew Donohue, was ordered to pay $2 million.
The next day, the U.S. Commodity Futures Trading