North American Derivatives Exchange, Inc. (Nadex), which will soon have a new owner, has banned Liang Zheng for engaging in manipulative scheme to defraud Nadex Markets.
On August 7, 2019, the Compliance Department sent Liang Zheng an Account Inquiry Letter requesting, among other things, general background information, source of funds information and details regarding her order and trading activity.
The Compliance Department acknowledges that Zheng responded to certain inquiries and requests for information. However, after several follow up inquiries Zheng did not adequately respond to requests for her banking and trading activity, among other things.
The Compliance Department also found that Zheng allowed another Nadex Member to fund her Nadex account by transferring funds into her bank account which were subsequently transferred to Nadex, thus providing the other Member with a direct economic interest in the activity and trading in her Nadex account. Additionally, during the course of this investigation it became evident that Zheng funded another Nadex Member’s trading account via bank transfers, thus resulting in her having a direct economic interest in the activity and trading in the other Member’s account.
Further, Zheng provided misleading information to the Compliance Department relative to her connections with other Nadex Members and source of funding.
During the course of its investigation, the Compliance Department analyzed the order and trading activity throughout the life of Zheng’s Nadex account. Through this review, the Compliance Department discovered that Zheng engaged in or attempted to engage in a manipulative scheme to defraud Nadex markets in at least 12 binary option contracts between August 5, 2019 and August 21, 2019.
Accordingly, the Compliance Department concluded that Zheng violated Exchange Rule 5.19(k) when she provided false and/or incomplete information related to her connections with other Nadex Members and source of funding. Additionally, the Compliance Department has concluded that Zheng violated Member Acknowledgements and Authorizations, Section (h) of the Nadex Membership Agreement and Exchange Rule 3.3(a) by failing to fully cooperate with this investigation.
Additionally, Zheng violated the Nadex Membership Agreement, Member Representations Section (d), when she allowed another Nadex Member to have a direct economic interest in the activity and trading in her Nadex account. Furthermore, Nadex Compliance concluded that Zheng violated Nadex Rule 3.1(f) when she utilized another Nadex Member’s account as a second account on Nadex traded for her benefit.
Finally, Zheng’s manipulative activity was to the detriment of other market participants. Engaging or attempting to engage in conduct and practices that are manipulative and inconsistent with just and equitable principles of trade, and that pose a risk to the Exchange, its members, and/or to the public, is in contravention of Nadex Rules 5.19(h), 5.19(i), 5.19(n) and 5.19(t). Accordingly, the Compliance Department has concluded that Zheng violated Nadex Rules 5.19(h), 5.19(i), 5.19(n) and 5.19(t).
By settlement agreement, in which Liang Zheng neither admitted nor denied the findings or conclusions of the investigation, Zheng has been assessed a $2,500 fine. Additionally, Liang Zheng’s Nadex Membership has been revoked, her account terminated, and she has been permanently banned from trading on Nadex markets, either directly for her own account, through an intermediary, or as an authorized trader on behalf of any other account.
The disciplinary notice is effective from February 22, 2022.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/ur/register-person?ref=T7KCZASX
Agora que muitas pessoas estão usando smartphones, podemos considerar o posicionamento do telefone móvel por meio de redes sem fio ou estações base.
Si está pensando en usar una aplicación para espiar teléfonos celulares, entonces ha tomado la decisión correcta. https://www.mycellspy.com/es/tutorials/best-cell-phone-spy-apps-online-free-trials/
Embark on a journey of epic proportions in our online fantasy game Lucky cola
Say, you got a nice post.Really thank you! Great.
I do not even know how I ended up here, but I thought this post was good.I do not know who you are but certainly you are going to a famous blogger if you are not already 😉 Cheers!
PG SLOT สมัครสล็อต PG ทดลองเล่นฟรีที่ PGTHAIPG SLOT เว็บตรงไม่ผ่านเอเย่นต์PGTHAI.CLUBสมัครสล็อต PG
You could definitely see your skills in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.
Thank you for your blog article.Much thanks again. Awesome.
Im grateful for the blog.Really thank you!
Thanks again for the article.Really looking forward to read more. Want more.
wow, awesome article post.Much thanks again. Really Cool.
Really enjoyed this post.Really looking forward to read more. Really Great.
Very neat article.Thanks Again. Keep writing.
wow, awesome blog article.Thanks Again. Want more.
Appreciate you sharing, great post.Thanks Again. Keep writing.
Great, thanks for sharing this article.Much thanks again. Awesome.
fantastic publish, very informative. I ponder why the other expertsof this sector don’t realize this. You should continue your writing.I’m confident, you have a huge readers’ base already!
Hi there, always i used to check blog posts here in the early hours in the morning, since i enjoy to find out more and more.
Im grateful for the post.Really thank you! Will read on…
Great blog post.Really thank you! Cool.
Very nice post. I just stumbled upon your blog and wanted to say that I’ve truly enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!
I am not certain the place you are getting your info,but great topic. I needs to spend a while finding out more or working out more.Thanks for excellent information I was searching for this information for mymission.
hcq medication doctors prescribing hydroxychloroquine near me
At this time it appears like Movable Type is the preferred blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Hello my family member! I wish to say that this post is awesome, nice written and include almost all significant infos. I would like to see more posts like this.
I like reading through a post that can make people think. Also, thanks for permitting me to comment.
In fact no matter if someone doesn’t be aware of after that itsup to other users that they will assist, so here itoccurs.
I am so grateful for your article.Thanks Again. Awesome.
I really liked your article.Really thank you! Much obliged.
I enjoy reading a post that will make men and women think. Also, thank you for allowing for me to comment!
Thanks so much for the blog. Cool.
tadalafil reviews – tadalafil generique generic tadalafil canada
My brother suggested I might like this blog. He was entirely right.This post truly made my day. You can not imagine just how much time I hadspent for this info! Thanks!
I blog often and I genuinely thank you for your information. The article has really peaked my interest. I’m going to book mark your blog and keep checking for new details about once a week. I opted in for your RSS feed as well.
En la carne de nicolas Cage, ¿cuánto vale la carne de trufa de todos modos?
best otc ed pills – over the counter ed pills walmart online ed medications