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This day in history: December 9, 2014 – IBFX gets $600,000 fine for failing to meet net capital requirements. Now they’re gone

Undercapitalization is a no-no as far as CFTC and NFA rules are concerned. Two years ago today, IBFX found itself in receipt of a $600,000 fine for failing to meet capital requirements, which was followed later by a further fine for warehousing and trade execution deficiencies, topped off by another $1 million fine earlier this year for undercapitalization. The company no longer operates in the United States