A PYMNTS Company

UK: Man who blew whistle on gas price-fixing fired from job

By  |  January 18, 2013

The man who blew the whistle on suspicious wholesale gas pricing patterns, and who accused firms of price-fixing, has been fired from his job at the price reporting agency ICIS Heren. Seth Freedman reported the unusual patterns to regulators, sparking investigations into the market by energy regulator Ofgem as well as the Financial Services Authority. In a statement after his termination, Freedman said he “was doing the right thing” but treated as if he were “the bad guy,” calling the situation “outrageous.” ICIS added its own side to the story, saying that colleages and price reporting agencies could no longer have confidence in Freedman’s work, and that the company offered him three different positions at ICIS but Freedman declined them, acording to a spokesperson.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Guardian

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.