CFTC Obtains Default Judgment against iFinix Futures, Inc. and Its Senior Executive Officer

The CFTC obtained an Order of default judgement and permanent injunction against CFTC-registered independent Introducing Broker, iFinix Futures, Inc. ("iFinix"), and its senior executive officer, Benhope Marlon Munroe, for making false statements to the National Futures Association ("NFA") and failing to meet minimum financial requirements. The CFTC Order alleged that Munroe and iFinix willfully provided at least five falsified bank account documents to the NFA during its audit of iFinix in order to conceal iFinix's failure to maintain adequate capital in July 2011. The Order also stated that iFinix, with Munroe as its controlling person, failed to maintain adequate capital, failed to maintain current books and records, and failed to cease operations and provide notice of its inadequate capital.

See: CFTC Order Against iFinix; CFTC Press Release.