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Nasdaq has agreed to pay $22 million to settle CFTC charges that its former energy contract market failed to disclose details of perks offered to certain traders https://t.co/M0aCv956d1 https://t.co/YyvyTRe67Y
The U.S. Commodity Futures Trading Commission slapped Nasdaq Futures with a $22 million fine based on allegations that the now-shuttered derivatives exchange failed to disclose an incentive program for high-volume traders. https://t.co/kM7LyQ70bq https://t.co/m03KG6UdKE
Nasdaq quit its unsuccessful foray into energy trading in 2019. Now it's paying $22 million to settle allegations that the defunct venture, NFX, made "false and misleading statements" to the CFTC, about incentive payments to market makers https://t.co/VhMMBahgbA
The U.S. Commodity Futures Trading Commission (CFTC) has ordered Nasdaq Futures, Inc. to pay a $22 million fine for violating core principles, failing to fully disclose incentives, and providing false and misleading information. The charges relate to Nasdaq's former energy contract market, NFX, which ceased operations in 2019. The allegations include that NFX made false statements to the CFTC about incentive payments to market makers and failed to disclose an incentive program for high-volume traders. A dissenting statement was issued by a CFTC commissioner regarding the settlement order.