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OANDA Corp.: $200K Settlement

April 1, 2021
Decision by the National Futures Association that OANDA Corporation, described as a "forex dealer member, futures commission merchant, retail foreign exchange dealer and forex firm headquartered in Toronto, Canada", has "agreed to pay a fine of $200,000" to settle a regulatory investigation.

Dafex Global Ltd.: Permanent Ban

October 28, 2020
Decision by the National Futures Authority imposing a permanent ban on Dafex Global Ltd., of Colorado, described as "a former NFA Member and current CFTC-registered commodity pool operator and commodity trading advisor that operates mainly from Malaysia", for "engaging in a deceitful course of conduct to obtain NFA membership and CFTC registration and willfully submitting misleading information to NFA". Editor's Note: Research by OffshoreAlert showed that Dafex Global Ltd. has an affiliate with the same name in England and Wales, where Companies House records identify its sole director as Nithyanandan Pushparaja, a citizen and resident of Malaysia who is also the registered agent for the Colorado company, and a former director as Enhe Wang, a citizen and resident of China, who resigned on March 23rd, 2020.

Bainbridge Asia Ltd. et al: Permanent Bars

June 1, 2020
Decision by the National Futures Association permanently barring Bainbridge Asia Limited, of Hong Kong, and Wai Man Yip, a.k.a. Patrick Yip, before the National Futures Association.

Bainbridge Asia Ltd. et al: Complaint

March 6, 2020
Complaint in National Futures Association v. Bainbridge Asia Limited, described as "forex dealer" domiciled in Hong Kong, and Wai Man Yip., a.k.a. Patrick Yip/

Beverstone Fund Management et al: Decision

August 15, 2019
Decision in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler, a citizen of Canada, by the Business Conduct Committee of the National Futures Association.