Williams settles with CFTC

Wednesday, July 30th 2003, 12:00 am
By: News On 6

(Tulsa-AP) -- Tulsa-based William Companies will pay $20-million to settle allegations.

The company admitted no wrongdoing in the allegations that its energy trading division sought to manipulate natural gas prices by reporting false data to industry publications.

The announcement was made by the Commodity Futures Trading Commission.

It's the fourth such agreement between the CFTC and energy merchant companies.