iFinix and CEO Benhope Marlon Munroe falsified bank statements and didn’t meet minimum capital requirements.

The CFTC has imposed a permanent trading and registration ban against introducing broker iFinix Futures (which also did business under the name Pro-Active Futures) and its principal Benhope Marlon Munroe for providing falsified bank account documents to the NFA during its audit of iFinix, in order to conceal iFinix’s failure to maintain adequate capital.

The CFTC has also fined iFinix and Munroe $1.26 million.

For the complete CFTC pres release click here.

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