In addition to these measures showing Amaranth’s excessive positions in natural gas, Amaranth was continuously reprimanded by NYMEX for violating trading standards and position limits on NYMEX. The Senate Subcommittee report
discusses these violations in detail On April 26, 2006 for example, Amaranth violated trading rules on the May 2006 futures contract resulting in a letter from NYMEX and a CFTC investigation. In addition to this, Amaranth exceeded NYMEX position limits virtually every month in 2006 triggering reviews of Amaranth’s positions