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Violation Tracker Individual Record

Company: Ninja Trader Clearing, LLC
Penalty: $983,425
Year: 2024
Date: September 23, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: The CFTC order found Ninja Trader failed to have adequate policies and procedures governing the emergency handling of accounts and did not exercise sufficient oversight over its employees' handling of accounts in response to a statutory restraining order issued in CFTC v. Patel, Case No. 22-cv-80092 (S.D. Fla. 2022).
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
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.