NinjaTrader Fined $900K+ by CFTC for Mishandling Fraudulent Accounts
Commodity Futures Trading Commission (CFTC) has fined NinjaTrader Clearing, LLC (NTC) $983,425 for failing to adequately supervise employee handling of accounts linked to a fraudulent case. Fraudulent Account Handling According to the CFTC, the Illinois-based futures commission merchant failed to exercise due diligence in overseeing employee actions in managing suspected fraudulent accounts. A statutory restraining…