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Violation Tracker Individual Record

Company: Nasdaq Futures, Inc.
Current Parent Company: Nasdaq Inc.
Penalty: $22,000,000
Year: 2024
Date: August 29, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order found Nasdaq Futures, Inc. failed to properly establish, monitor, or enforce rules related to an incentive program Nasdaq Futures, Inc. offered to certain traders on its DCM. The order also finds Nasdaq Futures, Inc. did not fully disclose this incentive program's details to the CFTC or the public consistent with the requirements of the Commodity Exchange Act (CEA) and Commission Regulations. In addition, the order found Nasdaq Futures, Inc. made false and misleading statements to the CFTC regarding the incentive program. The order required Nasdaq Futures, Inc. to pay a $22 million civil monetary penalty.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.