National Futures Association

Year 1982Regulated by Government

National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. 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.

Disclose broker

Sanction Fine

OANDA

Disclosure summary

Disclosure matching Website matching
Disclosure time 2021-04-01
Penalty amount $ 200,000.00 USD
Reason for punishment The BCC found that OANDA failed to submit accurate daily forex reports to NFA and failed to supervise.

Disclosure details

NFA orders Toronto, Canada retail foreign exchange dealer and futures commission merchant OANDA Corporation to pay a $200,000 fine

For Immediate Release April 01, 2021 For more information contact: Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org NFA orders Toronto, Canada retail foreign exchange dealer and futures commission merchant OANDA Corporation to pay a $200,000 fine April 1, Chicago—NFA has ordered OANDA Corporation (OANDA), an NFA Member retail foreign exchange dealer and futures commission merchant headquartered in Toronto, Canada, to pay a $200,000 fine. The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by OANDA. The BCC found that OANDA failed to submit accurate daily forex reports to NFA and failed to supervise. For more information, read the Complaint and Decision.

Annex

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More regulatory disclosure

Sanction

2021-05-20

NFA orders Plymouth, Minn. introducing broker Roy E. Abbott Futures, Inc. to pay a $75,000 fine and approximately $198,000 in restitution to customers