NFA fines NinjaTrader Clearing $250k
The United States National Futures Association (NFA) has ordered NinjaTrader Clearing LLC to pay a $250,000 fine.
NinjaTrader is an NFA Member futures commission merchant in Chicago, Ill.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA’s Business Conduct Committee (BCC) and a settlement offer submitted by NinjaTrader, in which the firm neither admitted nor denied the allegations in the Complaint.
The BCC alleged that NinjaTrader failed to implement an adequate anti-money laundering program, in violation of NFA Compliance Rule 2-9(c), and failed to supervise, in violation of NFA Compliance Rule 2-9(a).
In its Decision, the Hearing Panel found that NinjaTrader violated NFA Compliance Rules 2-9(a) and (c).
