The ongoing legal troubles surrounding Apex Trader Funding have taken another turn with a new lawsuit filed by a high-profile affiliate. The case, filed on January 14 in Texas by plaintiff Roma Patrick Andre Julian, alleges that Apex failed to pay over $800,000 in affiliate commissions across several months.
The Allegations
According to the lawsuit, Julian is seeking monetary relief exceeding $1 million. The plaintiff claims that Apex ceased payments in October 2024, withholding commissions for the months of October, November, and December. The amounts reportedly owed include:
- $260,000 for October
- $230,000 for November
- $228,000 for December
Additionally, the lawsuit states that Apex owes $101,000 for January 2025 commissions. Apex has been accused of ignoring multiple attempts by the plaintiff to resolve the issue, including a demand letter sent in late December.
This lawsuit marks the second affiliate-related complaint against Apex, raising concerns about the firm’s treatment of affiliates. Apex’s affiliate program promises 15% recurring commissions for referred customers, but questions have been raised about whether the terms of these agreements are being honored.
Kelly Ann’s Perspective on the Apex Motion
Kelly Ann, a YouTuber and well-known figure in the trading community, has been named in a motion filed by Apex. The motion seeks a temporary restraining order (TRO) against her, requesting that she cease discussing the company and remove specific content.
Kelly Ann clarified her stance in a recent video, explaining that her inclusion in the motion is unwarranted. According to her, the TRO motion is based on a misunderstanding of her role. She emphasized that she has no involvement in Apex’s licensing agreements or legal disputes.
Here’s what you need to know from her perspective:
- Not Involved in the Case: Kelly Ann stated that she has been discussing issues with Apex since May 2024, long before the current legal case began. She asserts that her commentary is independent and not part of any conspiracy or collusion.
- Purpose of Sharing Information: Kelly Ann shared a video highlighting Apex’s alleged practices, believing it would help traders who are pursuing payouts or considering legal action.
- Compliance with Legal Orders: Once notified of the TRO, Kelly Ann complied by taking down the video to avoid violating the order. She plans to secure legal representation in Texas to address the matter.
Kelly Ann also expressed concerns about the allegations of Apex monitoring her social media activity, including Discord messages, for use in the motion.
The Bigger Picture
This latest legal action and Kelly Ann’s inclusion in the motion highlight growing tensions between Apex Trader Funding and its community of affiliates and traders. With more lawsuits potentially on the horizon, including cases from traders claiming unpaid payouts, the situation is far from resolved.
Kelly Ann has vowed to continue advocating for transparency and fairness in the trading industry while addressing the legal actions against her. She remains committed to keeping traders informed about developments in the Apex case and other issues in the proprietary trading space.
Stay tuned for updates as this case unfolds.
