Futures | Commodities | Forex
CFTC ACTION: Trader’s International Return Network
Posted by Felix Shipkevich on Oct 15, 2009 | 1 comment
CFTC and SEC filed separate charges against Florida resident David Merrick and Trader’s International Return Network, his Panamanian corporation. The CFTC complaint alleges that “TIRN represented itself as a “private investment club” that provided various investment services, including foreign currency (forex) investing,” misappropriated customer funds, and diverted more than $2 million for Merrick’s personal use.
About The Author
Felix Shipkevich
Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.One Response to “CFTC ACTION: Trader’s International Return Network”
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TIRN HAVE SOLICITED US RESIDENTS AND ACCEPTED 22.5 MILLION TO TRADE "forex", AND HAVE SOLICITED FOREING RESIDENTS FROM COUNTRIES LIKE SPAIN,MEXICO,BRASIL ETC, … THE QUESTION IS.. WHEN ARE THE "CUSTOMERS "GOING TO HEAVE THEIR MONEY BACK…