The Commodity Futures Trading Commission issued an order filing and settling charges against Nasdaq Futures, formerly a designated contract market. The order finds Nasdaq Futures failed to properly establish, monitor, or enforce rules related to an incentive program Nasdaq Futures offered to certain traders, the agency said in a statement. The order also finds Nasdaq Futures did not fully disclose this incentive program’s details to the CFTC or the public consistent with the requirements of the Commodity Exchange Act and Commission Regulations. In addition, the order finds Nasdaq Futures made false and misleading statements to the CFTC regarding the incentive program. The order requires Nasdaq Futures to pay a $22M civil monetary penalty.
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