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Case Summary

IFINIX FUTURES INC NFA 09BCC00017 NFA ID: 0312871

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0312871IFINIX FUTURES INC11/17/2009
Rule Summary
 NFA IDRespondentRule Type
 0312871IFINIX FUTURES INC• C.R.2-10 - RECORDKEEPING FCMS/IBS
  • F.R.SEC5NEW - INTRODUCING BROKER FINANCIAL REQUIREMENTS
  • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM
Committee Summary
 NFA IDRespondentCommittee
 0312871IFINIX FUTURES INC• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0312871IFINIX FUTURES INC• FINANCIAL
  • OFFICE RECORDKEEPING
  • GENERAL CONDUCT
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0312871IFINIX FUTURES INC• FINE $1750011/02/2009
Narrative Summary
Narrative for 0312871 - IFINIX FUTURES INC
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

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.

ANSWER:

On July 22, 2009, IFINIX filed an Answer to the Complaint in which the firm denied the material allegations contained therein.

DECISION:

On November 2, 2009, IFINIX was ordered to pay a $17,500 fine.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0312871IFINIX FUTURES INCANSWER
 0312871IFINIX FUTURES INCCOMPLAINT
 0312871IFINIX FUTURES INCDECISION
 
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