NFA ACTION: IFINIX Futures Inc

On June 24, 2009, NFA issued a complaint alleging that IFINIX failed to maintain required minimum ANC and adequate books and records; failed to file notice with NFA; and failed to develop and implement an adequate AML program. IFINIX filed an Answer to the Complaint in which the firm denied the material allegations contained therein. On November 2, 2009, IFINIX was ordered to pay a $17,500 fine.

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.