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April 01, 2021
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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.