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The commission said it had concerns that "the companies may have colluded in reporting distorted prices".
BBC: Oil company offices raided in EU pricing probe
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Some of the Occupiers are claiming that they were lied to, but the misinformation came from distorted prices rather than deceptive people.
FORBES: Iniquity, Irresponsibility, and/or Incentives?
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European Commission officials said its investigators made the "unannounced inspections" on Tuesday amid concerns that "the companies may have colluded in reporting distorted prices".
BBC: UK Politics
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One conspiracy theory is that hedge funds distorted CDS prices, which in turn spooked the stock market and caused a collapse in confidence.
ECONOMIST: Speculators
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Prices are distorted and bubbles created.
FORBES: Bernanke Administers Another Cruel Dose Of Financial Morphine With QE3
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Local prices may be distorted by trade barriers on beef, sales taxes, or big differences in the cost of property rents.
ECONOMIST: Economics focus: The Big Mac index
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PPP, because prices may be distorted by trade barriers, sales taxes and differences in the cost of non-traded inputs such as rents.
ECONOMIST: The Economist offers some hot tips on exchange rates
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PPP, because local prices may be distorted by trade barriers on beef, sales taxes or big differences in the cost of non-traded inputs such as rents.
ECONOMIST: Big MacCurrencies
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But unlike gold, the inflation track record on TIPS is short, ambiguous and heavily distorted by illiquidity, oil prices (which are included in their return), and the same excess liquidity "conundrum" that has been confusing yields across the bond spectrum.
FORBES: Malpass to Bernanke: Hike! Hike! Hike!
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As long as the marginal investor is willing to bet against the index, prices will not be distorted.
ECONOMIST: Argentina's debt restructuring
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As a result, every time the floating dollar moves, prices and the value of investments the world over are distorted.
FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve