OneTRADEx Limited

Forensic reconciliation and client safeguarding

Issue:

In July 2019, the Cayman Islands Monetary Authority appointed KRyS Global to investigate the affairs of OneTRADEx Ltd (the “Company”), a broker/dealer with online discount trading services to individual investors, traders, hedge fund managers and family offices.  In particular KRyS Global was to review whether the Company has segregated client assets.

Resolution:

KRyS Global conducted a detailed forensic reconciliation of brokerage accounts which was utilized to successfully apply for Berkeley Applegate Orders, allowing most of the clients of the Company to get the majority of their assets transferred to a successor fiduciary.

Value Added:

Clients of the Company were able to transfer substantially all their assets to a fiduciary of their selection.