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Wednesday, September 07, 2011 8:19:26 PM
National Futures Association (NFA) announced today that it has taken an emergency enforcement action against IFINIX Futures Inc. (IFINIX). IFINIX is an Introducing Broker and Forex Firm Member of NFA, located in Plainview, New York. IFINIX also operates as Pro Active Futures, Inc.
NFA's investigation of the firm found that IFINIX's principal Benhope Munroe created fabricated bank statements in a deliberate attempt to deceive NFA regarding the firm's deficient capital position. The purported bank statements indicated that the firm's operating account had a current balance of more than $60,000. However, as discovered by NFA through its investigation, the firm's bank account actually had a negative balance. Therefore, IFINIX has failed to demonstrate that it is in capital compliance with NFA Financial Requirements.
NFA's investigation of the firm found that IFINIX's principal Benhope Munroe created fabricated bank statements in a deliberate attempt to deceive NFA regarding the firm's deficient capital position.
SO.....looks like old Benhope gave the NFA fake docs while also claiming the 60K was in a safe deposit box..
As I was going up the stair, I met a man that wasn't there. He wasn't there again today. I wish to God he'd go away.
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