Tag: introducing broker fraud

December 04, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – Canada’s RCMP goes after InvestTechFX, Rony Spektor and Alan Zer

A massive FX brokerage imposter being investigated by Canadian authorities after operating for more than 5 years The Financial Crimes unit of the Royal Canadian Mounted Police (RCMP) has uncovered a massive scheme that allegedly extracted millions of dollars from investors. The website InvestTechFX has been uncovered to impose as an FX broker while all of the deposited…

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September 26, 2013 BY Gerald Segal

CFTC bans and issues $1.3 million fine to introducing broker iFinix Futures

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…

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