Nadex seeks to distance itself from “Nadex Investment Team”
Nadex Investment Team does not have permission to use the Nadex name or logo and is doing so in violation of Nadex’s intellectual property rights.
The number of entities seeking to profit by abusing the name of regulated businesses continues to grow, and the US market is among those affected. North American Derivatives Exchange (Nadex), a subsidiary of IG Group Holdings plc (LON:IGG), has just published a warning about an entity presenting itself as “Nadex Investment Team”.
Nadex Investment Team, and/or its “employees” is soliciting and accepting funds from individuals via multiple social media outlets for purposes of trading on behalf of these clients on Nadex. Nadex wishes to advise the public that Nadex is not affiliated in any way with the Nadex Investment Team.
Furthermore, Nadex Investment Team has not been granted permission to use the Nadex name or logo and is doing so in violation of Nadex’s intellectual property rights. Nadex does not employ, nor does it have any affiliation with, individuals or entities that may enter transactions on behalf of another person on the Exchange.
The Exchange explains that, on Nadex, ones does not go through a broker; rather, one becomes a direct member of the Exchange and executes one’s own orders. The only fees Nadex charges are as set forth in the Nadex Fee Schedule, available on the Nadex website.
Finally, Nadex reminds the public that an individual or entity who is soliciting for funds to trade on an investor’s behalf on Nadex is required to register with the Commodity Futures Trading Commission (CFTC), unless otherwise eligible for an exemption from registration. Registration or exempt status can be verified at nfa.futures.org/basicnet.
Nadex also encourages you to reference the CFTC’s Avoid Fraud webpage for guidance on how to verify your financial provider’s information.