AlphaMetrix has been in a downward spiral since announcing on Oct. 10 that it was experiencing “significant cash flow issues” in a letter to its commodity pool participants signed by President and CEO Aleks Kins.
Live fast, die young and leave a good looking corpse was the mantra of the old rock and roll crowd. AlphaMetrix, a pool operator that seemed to follow that rule, was brought down by regulators after not paying traders or investors.
As AlphaMetrix closes its trading operations, the CFTC filed charges against the firm earlier this week alleging it had violated the Commodity Exchange Act. AlphaMetrix now is denying those charges as it cooperates with the Court.