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US regulator acts against Cayman’s Beverstone Fund Management

The National Futures Association has suspended Cayman Islands-domiciled Beverstone Fund Management and its Canadian principal, Roland Kaehler, for operating what appears to be a fraudulent scheme in which investors have lost over $6 million.

Beverstone Fund Management et al: Suspension

Notice of Member Responsibility Action and Associate Responsibility Action in National Futures Association v. Beverstone Fund Management, of the Cayman Islands, and Roland Kaehler.