NFA Permanently Bars Dafex Global Ltd. from Membership

NFA, self-regulatory organization for the U.S. derivatives industry,  has permanently barred Dafex Global Ltd. (Dafex), a former NFA Member and current CFTC registered commodity pool operator and commodity trading advisor 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 Yury Epstein as a principal and by sponsoring this individual as an associated person (AP), despite knowing Yury Epstein would not be engaging in any activities that would require AP registration. The BCC also found that Dafex willfully submitted misleading information to NFA.

About NFA

​NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.