About the Nasdaq Investigations and Enforcement Team
The Nasdaq Investigations and Enforcement Team (the “I&E Team”) is part of Nasdaq Regulation. Our mission is to protect investors and market integrity by investigating instances of possible misconduct and enforcing the rules of Nasdaq’s three equities markets (The Nasdaq Stock Market, LLC; Nasdaq BX, Inc.; and PSX), six options markets (The Nasdaq Options Market, LLC; Nasdaq BX Options; Nasdaq PHLX LLC; Nasdaq ISE, LLC; Nasdaq GEMX, LLC; and Nasdaq MRX, LLC) (collectively, “Nasdaq”) and the federal securities laws.
Nasdaq’s I&E Team focuses on the regulation of Nasdaq member firms and associated persons. The I&E Team has the authority to investigate, prosecute and discipline those member firms and associated people, and to impose fines and other sanctions against them if it finds that they have violated the aforementioned rules.
Nasdaq’s I&E Team does not have authority to investigate and discipline non-member firms and individuals unassociated with member firms. Investors should therefore contact other regulators with questions and concerns regarding such firms and individuals. In addition, certain potential rule violations are principally handled by other regulators. Should your concern fall within these areas, please direct your complaint to the appropriate party below:
Nature of Concern | Refer to |
|---|---|
Insider Trading | |
Order activity occurring on a non-Nasdaq exchange | Exchange on which the conduct took place |
Unfair sales or business practice, or if you believe you have been defrauded by a brokerage firm | |
Short selling locate failures |
Below is a list of Nasdaq departments that process requests related to the listing of companies that trade on Nasdaq and the rules that apply to those listed companies, and that initially handle concerns that one of our members may be violating Nasdaq rules or the federal securities laws:
Nature of Concern | Refer to |
|---|---|
Disclosure of material news, company press releases, regulation FD compliance, trading halts Concerns relating to member firms or associated persons | |
Nasdaq Listed Company and Continued Listing Requirements, Deficiency Process | |
Rule Interpretation Requests, Corporate Governance Requirements |
-
Nature of Concern
Refer to
Insider Trading
Order activity occurring on a non-Nasdaq exchange
Exchange on which the conduct took place
Unfair sales or business practice, or if you believe you have been defrauded by a brokerage firm
Short selling locate failures
Below is a list of Nasdaq departments that process requests related to the listing of companies that trade on Nasdaq and the rules that apply to those listed companies, and that initially handle concerns that one of our members may be violating Nasdaq rules or the federal securities laws:
Nature of Concern
Refer to
Disclosure of material news, company press releases, regulation FD compliance, trading halts
Concerns relating to member firms or associated persons
Nasdaq Listed Company and Continued Listing Requirements, Deficiency Process
Rule Interpretation Requests, Corporate Governance Requirements