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 Permanent cessation of business / revocation of license

Bainbridge

Disclosure summary

Disclosure matching Supervision number matching
Disclosure time 2020-06-01
Reason for punishment The BCC found that Bainbridge and Yip failed to cooperate with NFA in the course of an examination.

Disclosure details

NFA permanently bars Hong Kong commodity pool operator Bainbridge Asia Limited and its principal Wai Man Yip from membership

News Releases 2022 | 2021 | 2020 | 2019 | 2018 | Show more years For Immediate Release June 01, 2020 For more information contact: Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org NFA permanently bars Hong Kong commodity pool operator Bainbridge Asia Limited and its principal Wai Man Yip from membership June 1, Chicago—NFA has permanently barred Bainbridge Asia Limited (Bainbridge), an NFA Member commodity pool operator located in Hong Kong, and its sole principal and associated person Wai Man Yip 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 Bainbridge and Yip failed to cooperate with NFA in the course of an examination. For more information, read the Complaint and Decision.

Annex

Screenshot 1

More regulatory disclosure

Sanction

2006-12-01

Administrative action against Daiwa Securities Co., Ltd.