This is a follow-up to a post on FPA about legal action I've taken against IFC. As I said in the post, I had a lawyer send them a demand letter March 16 asking for restitution of funds lost outside the scope of the limited power of attorney for managed accounts; my funds were lost in two narrow periods of trading that were not part of managed account trading, thus a violation of SEC rules. Also, IFC has not registered with the CFTC as required under the Commondity Exchange Act. I can provide the exact citations.
Patrick Gallagher, the registered agent and manager, told me they were not required to register because they're not a US company - well, they're registered with the state of Massachusetts, they have a local phone number, and list a Boston address...
I can also provide emails and trading records to substantiate the claims.
Patrick Gallagher, the registered agent and manager, told me they were not required to register because they're not a US company - well, they're registered with the state of Massachusetts, they have a local phone number, and list a Boston address...
I can also provide emails and trading records to substantiate the claims.