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Cayman discount broker OneTRADEx taken over by financial regulator

Cayman Islands-based online discount broker OneTRADEx Ltd., which is operated by Colin Wilson and Rich Ellison, has been put into Controllership by the Cayman Islands Monetary Authority, with insolvency practitioners Kenneth Krys and Angela Barkhouse, of KRyS Global, appointed to manage the firm's affairs and assess its financial condition.