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AFX should not be given another opportunity to make misrepresentations, according to Chapter 11 Trustee
Shortly after counsel for AFX Capital Markets Ltd., AFX Capital U.S. Corp. and STO Super Trading Online filed a Letter with the New York Eastern Bankruptcy Court, depicting difficulties in contacting their clients, a representative of Chapter 11 Trustee of Gallant Capital Markets submitted a response to the Letter. Let’s recall that this action has been brought by Esther DuVal, in her capacity as the Chapter 11 Trustee of the jointly administered estates of Avenica Inc. and Gallant Capital Markets Ltd. Under the Complaint against AFX, throughout 2015 and 2016, Gallant deposited approximately $2.35 million (for its ... (full story)