Nadex bans trader for engaging in manipulative scheme

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.

Posted on

494 Replies to “Nadex bans trader for engaging in manipulative scheme”

  3. Agora que muitas pessoas estão usando smartphones, podemos considerar o posicionamento do telefone móvel por meio de redes sem fio ou estações base.

  7. 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!

  8. PG SLOT สมัครสล็อต PG ทดลองเล่นฟรีที่ PGTHAIPG SLOT เว็บตรงไม่ผ่านเอเย่นต์PGTHAI.CLUBสมัครสล็อต PG

  9. 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.

  19. 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!

  20. 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.

  23. 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!

  24. 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.

  26. 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?

  27. 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.

  32. I enjoy reading a post that will make men and women think. Also, thank you for allowing for me to comment!

  35. 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!

  36. 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.

  42. Immigration lawyer Gabriela Ramo says that under대구콜걸 Canadian law, someone’s citizenship can only be revoked if it can be proven that they committed fraud or misrepresentation to obtain it.

  50. Why did you come to ? prix propecia 2013 But Alain Vigneault correctly pointed out the referees were not the reason the Rangers lost after winning Thursday night’s season opener in St

  66. Hello! I just wanted to ask if you ever have any problems with hackers?My last blog (wordpress) was hacked and I ended up losing months of hardwork due to no back up. Do you have any solutions to protect against hackers?

  74. That is a good tip particularly to those new to the blogosphere. Short but very accurate info… Many thanks for sharing this one. A must read post!

  75. Awsome post and right to the point. I am not sure if this is actually the best place to ask but do you people have any ideea where to hire some professional writers? Thanks 🙂

  79. Your way of telling everything in this piece of writing is truly good, all be capable of easily be aware of it,Thanks a lot.Here is my blog … treatments need

  82. What’s Happening i am new to this, I stumbled upon this I’ve found It positively helpful and it has aided me out loads. I hope to give a contribution & assist different users like its helped me. Good job.

  84. At this time it looks like Movable Type is thetop blogging platform available right now.(from what I’ve read) Is that what you are using on your blog?

  90. hello!,I love your writing so much! percentage we keep in touch more about your post on AOL? I need an expert in this house to solve my problem. May be that’s you! Taking a look forward to look you.

  97. I used to be recommended this blog by my cousin. I’m now not sure whether or not this publish is written by means of him as no one else know such specific about my problem. You are wonderful! Thanks!

  99. Greetings! I know this is somewhat off topic but I was wondering if you knewwhere I could locate a captcha plugin for my comment form?I’m using the same blog platform as yours and I’m having trouble findingone? Thanks a lot..!

  100. Hello There. I discovered your blog the usage of msn.This is a very neatly written article. I’ll besure to bookmark it and return to read more of your helpfulinformation. Thank you for the post. I will definitelyreturn.

  105. Hello there! I know this is kinda off topic but I was wondering if you knew where I could get a captcha plugin for my comment form?I’m using the same blog platform as yours and I’m having trouble findingone? Thanks eating healthy on a budget lot!

  106. When someone writes an post he/she retains the thought of a user in his/her mind that how a user can understand it. Thus that’s why this article is amazing. Thanks!

  113. I do trust all the concepts you’ve offered on your post. They’re really convincing and will definitely work.Still, the posts are too quick for beginners. May justyou please prolong them a bit from subsequent time?Thank you for the post.

  120. I used to be recommended this blog via my cousin. I’m no longer positivewhether this put up is written by means of him as no one else understand such specific about my problem.You’re incredible! Thanks!

  123. Greetings! Very helpful advice within this post!It’s the little changes that wwill make the biggest changes.Many thanks forr sharing!

  126. I savor, cause I found exactly what I used to be looking for. You have ended my 4 day long hunt! God Bless you man. Have a nice day. Bye

  135. Awesome issues here. I’m very satisfied to peer your article.Thanks so much and I’m taking a look ahead to touch you.Will you kindly drop me a e-mail?

  148. Asking questions are genuinely nice thing if you are not understanding something entirely, but this article offers pleasant understanding even.

  150. You could definitely see your expertise in the paintings you write.Thhe sector hopes for even more passionate writers such as you who aren’t afraid to mention how they believe.Always go after your heart.

  152. Normally I don’t learn post on blogs, however I wish to say that this write-up very forced me to try and do it! Your writing taste has been surprised me. Thank you, very great article.

  156. Could the Acer Iconia W4 change the opinion on the technology country? Usually you would put a keypad on exit/entry point such as in front of the door or back of the entrance. Well one of the big things is 4G compatibility.

  158. Thanks , I’ve recently been searching for info approximatelythis topic for a long time and yours is the best I’vecame upon so far. However, what concerning the bottom line?Are you sure in regards to the supply? asmr 0mniartist

  160. Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how can we communicate?

  161. Oh my goodness! a tremendous article dude. Thank you Nevertheless I’m experiencing situation with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting equivalent rss downside? Anyone who is aware of kindly respond. Thnkx

  164. Remarkable things here. I am very happy to peer your article. Thank you so much and I am having a look forward to touch you. Will you please drop me a e-mail?

  175. It’s an amazing piece of writing in favor of all the internet people; they will obtain advantage from it Iam sure.

  178. An interesting discussion is worth comment. I do think that you should publish more on this subject, it might not be a taboo subject but usually people do not discuss such issues. To the next! Cheers.

  180. Everyone loves what you guys are up too. Such clever work and coverage! Keep up the terrific works guys I’ve added you guys to my blogroll.

  184. Fantastic post however , I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Kudos!

  187. We are looking for some people that might be interested in from working their home on a part-time basis. If you want to earn $100 a day, and you don’t mind developing some short opinions up, this might be perfect opportunity for you!

  188. We are searching for some people that might be interested in from working their home on a full-time basis. If you want to earn $200 a day, and you don’t mind creating some short opinions up, this might be perfect opportunity for you!

  220. It’s really a cool and helpful piece of info. I am happy that you shared this helpful information with us. Please stay us up to date like this. Thank you for sharing.

  226. I appreciate, result in I found just what I used to be having a look for.You’ve ended my four day lengthy hunt! God Bless you man. Have agreat day. Bye

  231. Thank you for sharing your thoughts. I truly appreciate your efforts and I am waiting for your further post thanksonce again.

  245. Generally I do not learn article on blogs, but I wish to say that this write-up very forced me to check out and do so! Your writing taste has been amazed me. Thank you, quite great post.

  246. What’s up, this weekend is good in supportof me, as this point in time i am reading this impressive educational piece of writing here at my house.

  249. “Great read! You’ve officially made my brain work harder than my morning coffee. Can’t wait to see what’s next!”

    SG8 Casino Sg8 offers the biggest cashback in the Philippines! Play your favorite games and get more rewards – it’s the best deal around! Don’t miss out!”

  251. Good article and right to the point. I am not sure if this is really the best place to ask butdo you people have any thoughts on where to hire some professional writers?Thx 🙂

  252. Hi! I know this is somewhat off topic but I was wondering ifyou knew where I could locate a captcha plugin formy comment form? I’m using the same blog platform as yoursand I’m having problems finding one? Thanks alot!

  257. แหล่งซื้อของสดออนไลน์ หาซื้อง่าย ได้ของคุณภาพดีไม่แพ้เดินตลาด ซื้อของสดออนไลน์ ช่วงกักตัวอยู่บ้านเพราะโควิด 19 สั่งของสด สั่งผักสดออนไลน์ หรืออาหารทะเลสด ราคาถูกใจ ได้ของคุณภาพดีไม่ต่างเดินตลาด ซื้อของออนไลน์

  259. I am not sѕure where you are getting your information, but great topic.I needs to spend some tіme learning mߋre or understanding more.Thanks foг maɡnificent іnformation I was looҝing for this ingo for my mission.

  260. That is a good tip particularly to those fresh to the blogosphere. Short but very precise informationÖ Appreciate your sharing this one. A must read article!

  264. You possess an unique inventiveness. Your scribbling competences are literally terrific. Gratitudes for posting content on the net and cultivating your visitors.

  270. Incredible! This blog looks just like my old one! It’s on a entirely
    different topic but it has pretty much the same layout and design. Excellent choice of colors!

    My homepage – Nordvpn coupons inspiresensation (t.Co)

  276. Actually when someone doesn’t be aware of afterward its up to other users that they will help, so here it takes place.

  278. You could certainly see your enthusiasm in the article you write. The world hopes for more passionate writers like you who are not afraid to mention how they believe. All the time follow your heart.

  279. Great write-up, I¡¦m regular visitor of one¡¦s blog, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  280. Fantastic post however , I was wanting to know if you couldwrite a litte more on this topic? I’d be very grateful if you could elaborate a little bit further.Many thanks!

  301. An intriguing discussion is worthy of remark. There’s little question that that you need to publish far more on this topic, it will not be a taboo subject matter but commonly individuals don’t examine these matters. To another! A lot of thanks!!

  306. ยิ่งเมืองไทยตอนนี้เรียกว่าไปไหนยากมากๆ เพราะวิกฤตโควิด จึงเป็นเรื่องยากหากคุณต้องการไปคาสิโนวันนี้ บาคาร่า ได้ยกคาสิโนมาไว้ในมือคุณแล้วครับเล่นที่ไหนก็ได้ เล่นได้ตลอด 24 ชั่วโมง ทำเงิน สร้างรายได้ แบบง่ายๆ ไม่ต้องเดินทางไปไหนให้เสี่ยงต่อโรคระบาด

  311. Good day! Do you use Twitter? I’d like to follow you if that would be ok. I’m undoubtedly enjoying your blog and look forward to new posts.

  312. Really enjoyed this article, how can I make is so that I get an alert email when you make a new update?

  319. When some one searches for his necessary thing, thus he/she wishesto be available that in detail, so that thing is maintained over here.

  335. В этом обзорном материале представлены увлекательные детали, которые находят отражение в различных аспектах жизни. Мы исследуем непонятные и интересные моменты, позволяя читателю увидеть картину целиком. Погрузитесь в мир знаний и удивительных открытий!
    Подробнее тут – https://medalkoblog.ru/

  341. I savour, result in I found just what I usedto be taking a look for. You’ve ended my 4 day long hunt!God Bless you man. Have a nice day. Bye

  361. An interesting discussion is worth comment. I do believe that you ought to write more on this issue, it might not be a taboo subject but usually folks don’t talk about these topics. To the next! Best wishes!!

  395. Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say superb blog!

  398. Pretty nice post. I just stumbled upon your blog and wanted to say that I ave truly enjoyed browsing your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!

  408. 2025’in en iyi sıralamalı online casinolarını keşfedin. Bonusları, oyun seçeneklerini ve güvenilirliği karşılaştırarak güvenli ve kazançlı oyun deneyimi yaşayıncasino aktiviteleri

  420. Hello.This article was extremely motivating, particularly since I was looking for thoughts on this issue last Friday.

  422. I want to to thank you for this good read!! I certainly loved every bit of it. I have got you book-marked to check out new stuff you post…

  423. I’m not sure exactly why but this blog is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.

  426. Good day! I could have sworn Iíve been to this blog before but after browsing through some of the articles I realized itís new to me. Anyhow, Iím definitely delighted I found it and Iíll be book-marking it and checking back frequently!

  428. Simply a smiling visitant here to share the love (:, btw outstanding layout. Everything should be made as simple as possible, but not one bit simpler. by Albert Einstein.

  447. Thanks for sharing, this is a fantastic blog post.Really looking forward to read more. Want more.

  448. Great blog you have here.. Itís hard to find excellent writing like yours these days. I honestly appreciate individuals like you! Take care!!

  452. Hey there! I know this is kind of off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

  456. F*ckin’ amazing things here. I’m very glad to look your article. Thanks so much and i’m having a look forward to touch you. Will you please drop me a e-mail?

  460. Предлагаем услуги профессиональных инженеров офицальной мастерской.
    Еслли вы искали ремонт холодильников gorenje рядом, можете посмотреть на сайте: срочный ремонт холодильников gorenje
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  463. 偽物 ブランド 時計 ロレックス ポール ニューマン コピー 王道のヴィンテージ★ロレックス/ROLEX◎マルコーニ/MARCONI/手巻き/アンティーク/高級ブランド/ヴィンテージ/メンズ腕時計/中古/シルバー

  468. What’s up, this weekend is fastidious in support of me, for the reason that this time i am reading this fantastic educational piece of writing here at my house.

  475. Предлагаем услуги профессиональных инженеров офицальной мастерской.
    Еслли вы искали ремонт кофемашин philips, можете посмотреть на сайте: ремонт кофемашин philips рядом
    Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!

  479. I do consider all the concepts you have presented in your post.They are really convincing and will certainly work. Still,the posts are very quick for newbies. May you please lengthen them a bit from next time?Thank you for the post.

  481. With havin so much written content do you ever run into any issues of plagorism or copyright violation?

  482. Very interesting points you have remarked, thankyou for posting . “In a great romance, each person plays a part the other really likes.” by Elizabeth Ashley.

  483. Hi there! I’m at work browsing your blog from my newapple iphone! Just wanted to say I love reading your blog andlook forward to all your posts! Keep up the outstandingwork!

  485. As being a Newbie, We’re permanently exploring online for articles which can be of help to me. Numerous thanks

  486. Thank you for another fantastic post. Where else could anyone get that kind of information in such a perfect approach of writing?I have a presentation subsequent week, and I’m at the look for suchinformation.

Leave a Reply

Your email address will not be published. Required fields are marked *