CFTC says not investigating Icahn’s RIN trading but advising EPA on avoiding abuse

In Washington, despite concerns voiced by liberal watchdog groups as well as Democratic congressmen for the past several months regarding Carl Icahn’s role in the RIN market, the Commodity Futures Trading Commission confirmed to eight Democratic senators last month that it is not officially investigating his activity because RINs are not traded on futures markets. It will, however, advise the Environmental Protection Agency who oversees the RIN market on how to reduce fraud and market abuse.