Recent Chapter 11 bankruptcy court filings for Mars FX US LP have disclosed that two major regulated brokerage firms held client funds that were previously unrevealed to investors. According to disclosure statements, the funds were held at FCA-regulated Equiti Capital UK Limited in London and ASIC-regulated GO Markets Pty Ltd in Melbourne. The bankruptcy estate is now seeking account records from both entities to trace an estimated $566.7 million in assets. Neither brokerage firm has been accused of any wrongdoing. The fund's offering material had previously listed the identity of its execution brokers as proprietary information. It was later revealed that the fund routed transactions through an unlicensed technology entity called Tech RealFX Ltd, which stopped operating in October 2022 despite the fund continuing to report positive returns. Mars FX had claimed annual returns averaging 19% without a single losing month over four years before suspending withdrawals and filing for bankruptcy protection in New York. This case highlights severe operational risk and transparency issues in managed investment funds and offshore asset routing. Traders and creditors will be watching the ongoing legal proceedings closely to see how much of the claimed $566.7 million can be recovered from the disclosed brokerage accounts and associated entities.
