The Commodity Futures Trading Commission (CFTC) fined a Nasdaq subsidiary $22 million over allegedly misleading the public, regulators, and its own compliance staff about the details of a trader incentive program.
Nasdaq Futures, which voluntarily allowed its CFTC registration as a designated contract market to lapse in 2020, allegedly did not fully disclose the details of the incentive program, made false and misleading statements about it, and failed to properly supervise it, the CFTC said in a press release Thursday.
