In the Margins

Has Nasdaq been robbed?

October 31, 2017

By The Wall Street Journal

Nasdaq is accusing a New Jersey company ETF Managers Group LLC of stealing an exchange-traded funds franchise worth more than $1 billion, including the world’s biggest cybersecurity ETF, according to a civil complaint filed last week in the U.S. District Court for the Southern District of New York. Nasdaq asked the court for compensatory and punitive damages, and to enjoin ETF Managers Group from involvement in the funds. Read the original story from The Wall Street Journal.