---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-186257"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2022-06-30T23:59:59+00:00"
generated_at: "2026-06-24T21:54:02.231348+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nasdaq's NFX subsidiary receives CFTC Wells Notice over 2015-2018 futures exchange conduct

## Summary
- NFX, a non-operational Nasdaq unit, received a Wells Notice from CFTC staff.
- Notice relates to alleged violations of the Commodity Exchange Act and CFTC rules from July 2015 through October 2018.
- NFX sold its futures exchange business in Nov 2019 and ceased operations in 2020.
- A Wells Notice is a preliminary staff recommendation, not a formal charge or final determination.
- NFX plans to contest the staff's positions in its response.

## SEC filing metadata
- accession: 0001193125-22-186257
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2022-06-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312522186257/0001193125-22-186257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312522186257/d349386d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-186257
- JSON: https://secwatch.observer/filing/0001193125-22-186257.json
- Plain text: https://secwatch.observer/filing/0001193125-22-186257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.