Aggregated News From Investment Management Regulators

NFA permanently bars Malaysia commodity pool operator and commodity trading advisor Dafex Global Ltd. from membership

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NFA has permanently barred Dafex Global Ltd. (Dafex), a former NFA Member commodity pool operator and commodity trading advisor located in Malaysia from membership and from acting as a principal of an NFA Member.

The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC. The BCC found that Dafex engaged in deceitful conduct to obtain NFA membership and CFTC registration by falsely listing an individual as a principal and by sponsoring this individual as an associated person (AP), despite knowing the individual would not be engaging in any activities that would require AP registration. The BCC also found that Dafex willfully submitted misleading information to NFA.

For more information, read the Complaint and Decision.

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Regulator Information

Abbreviation: NFA
Jurisdiction: United States

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