The NASDAQ Stock Market is the second largest in the world. The stock exchange has over 2,700 listing and a total capitalization of over $4.5 trillion.

It was on this day, November 9th, in 1960 that 37 American brokerage firms were ordered to pay $1.03 billion to cheated NASDAQ investors. This order was the largest civil statement in United States history.

The U.S. courts found fault with the brokerage firms for engaging in price fixing. Price fixing occurs when participants in a market agree to all sell or buy a good or service at a fixed price. This attempt to control supply or demand at a given level is considered an illegal cartel.