A US federal judge, in the largest civil settlement in United States history, orders 37 US brokerage houses to pay 1.03 billion United States dollars to cheated NASDAQ investors to compensate for price fixing.
The Nasdaq Stock Market ( (listen)) is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges.