News Releases

2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | Show fewer years

For Immediate Release
August 18, 2011

For more information contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA takes emergency enforcement action against IFINIX Futures Inc.

August 18, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against IFINIX Futures Inc. (IFINIX). IFINIX is an Introducing Broker and Forex Firm Member of NFA, located in Plainview, New York. IFINIX also operates as Pro Active Futures, Inc.

NFA's investigation of the firm found that IFINIX's principal Benhope Munroe created fabricated bank statements in a deliberate attempt to deceive NFA regarding the firm's deficient capital position. The purported bank statements indicated that the firm's operating account had a current balance of more than $60,000. However, as discovered by NFA through its investigation, the firm's bank account actually had a negative balance. Therefore, IFINIX has failed to demonstrate that it is in capital compliance with NFA Financial Requirements.

Effective immediately, the Member Responsibility Action (MRA) suspends IFINIX from NFA membership until further notice. IFINIX and all futures commission merchants (FCMs) carrying customer accounts introduced by the firm are also required to provide copies of the MRA to their customers. In addition, IFINIX is prohibited from disbursing or transferring any funds over which it or any person acting on its behalf exercises control, without prior NFA approval.

The MRA will remain in effect until IFINIX has demonstrated that the firm is in complete compliance with all NFA Requirements. IFINIX may request a prompt hearing on this matter before NFA's Hearing Committee.

The complete text of the MRA can be found on NFA's website (

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

Subscribe to NFA Email Communications