IFX CORP
SC 13D/A, 1998-02-09
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549



                                  SCHEDULE 13D


                   Under the Securities Exchange Act of 1934

                            (Amendment No.   4   )*
                                           -----   
                                        


               IFX CORPORATION (fka JACK CARL/312-FUTURES, INC.)
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  449518-20-8
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


   Christina S. Donka, Secretary          200 West Adams Street, Suite 1500,
                            Chicago, Illinois 60606
- --------------------------------------------------------------------------------
(Name, Address and telephone Number of Person Authorized to Receive Notices and
                                Communications)


                                January 12, 1998
- --------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Section 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box (_____).

Note: Six copies of this statement, including all exhibits should be filed with
the Commission.  See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                  Page 1 of 4
<PAGE>
 
CUSIP No.  449518-20-8        13D


1  NAME OF REPORTING PERSON
   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
         Burton J. Meyer        ###-##-####

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  (a)/___/     (b)/___/


3  SEC USE ONLY

4  SOURCE OF FUNDS*
         Not Applicable

5  CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
   ITEMS 2(d) OR 2(e)            /____/

6  CITIZENSHIP OR PLACE OF ORGANIZATION
         United States

NUMBER OF
                 7  SOLE VOTING POWER
SHARES                   314,212 Shares of Common Stock and 250,000 Shares of
                         Common Stock which may be acquired under options to buy
BENEFICIALLY
                 8  SHARED VOTING POWER
OWNED BY                 None

EACH             9  SOLE DISPOSITIVE POWER
                         314,212 Shares of Common Stock and 250,000 Shares of
REPORTING                Common Stock which may be acquired under options to buy
 
PERSON          10  SHARED DISPOSITIVE POWER
                         None
WITH

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         314,212 Shares of Common Stock and 250,000 Shares of
         Common Stock which may be acquired under options to buy

12  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/____/

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
         Approximately 5.0% of the issued and outstanding Common Stock and
         approximately 9.0% of the issued and outstanding Common Stock including
         options to buy

14  TYPE OF REPORTING PERSON*
         IN



                               *SEE INSTRUCTIONS

                                  Page 2 of 4
<PAGE>
 
                                  SCHEDULE 13D
                                  ------------

ITEM 1.  Security and Issuer

         Common Stock

         IFX Corporation (fka Jack Carl/312-Futures, Inc.)
         200 West Adams Street
         Chicago, Illinois 60606

ITEM 2.  Identity and Background

         (a)  Name:
              Burton J. Meyer

         (b)  Business Address:
              E.D. & F. Man International Inc.
              440 South LaSalle Street, 20th Floor
              Chicago, Illinois 60605

         (c)  Occupation:
              President, Jack Carl Futures Discount Division
              E.D. & F. Man International Inc.
              440 South LaSalle Street, 20th Floor
              Chicago, Illinois 60605

         (d)  Mr. Meyer, during the last five years, has not been convicted in a
              criminal proceeding.

         (e)  Mr. Meyer, during the last five years was not a party to a civil
              proceeding of a judicial or administrative body of competent
              jurisdiction which as a result of such proceeding was subject to
              a judgement, decree or final order enjoining future violations
              of, or prohibiting or mandating activities subject to, federal or
              state securities laws or finding any violation with respect to
              such laws.

         (f)  Citizenship:
              United States

ITEM 3.  Source and Amount of Funds or Other Consideration

         Not Applicable

ITEM 4.  Purpose of Transaction

         Effective at the close of business January 12, 1998, IFX Corporation
         effected a one-for-five reverse split of its common stock, par value
         $.004.  Each five shares of such common stock were reclassified and
         changed into one share of common stock having a par value of $.02.
         Mr. Meyer, prior to the reverse split, owned 1,571,064 shares which
         were reclassified and changed into 314,212 shares.  The remaining
         fractional shares were repurchased by IFX Corporation for $2.10 per
         share.  Also prior to the reverse split, Mr. Meyer had options to buy
         1,250,000 shares of IFX Corporation common stock.  The options were
         adjusted for the reverse split to an exercise price of $1.20 per share
         for 250,000 shares of common stock and such options expire on June 30,
         1998.

                                  Page 3 of 4
<PAGE>
 
ITEM 5.  Interest in Securities of the Issuer

         (a)  314,212 shares of common stock, approximately 5.0% of the issued
              and outstanding stock.  An additional 250,000 shares of common
              stock, approximately 4.0% of the issued and outstanding common
              stock, may be acquired under options to buy.

         (b)  There is sole power to vote or to direct the vote and sole power
              to dispose or to direct the disposition of the 314,212 shares of
              common stock and the 250,000 shares of common stock which may be
              acquired under options to buy.

         (c)  Effective at the close of business January 12, 1998, IFX
              Corporation effected a one-for-five reverse split of its common
              stock, par value $.004.  Each five shares of such common stock
              were reclassified and changed into one share of common stock
              having a par value of $.02.  Mr. Meyer, prior to the reverse
              split, owned 1,571,064 shares which were reclassified and changed
              into 314,212 shares.  The remaining fractional shares were
              repurchased by IFX Corporation for $2.10 per share.  Also prior
              to the reverse split, Mr. Meyer had options to buy 1,250,000
              shares of IFX Corporation common stock.  The options were
              adjusted for the reverse split to an exercise price of $1.20 per
              share for 250,000 shares of common stock and such options expire
              on June 30, 1998.

         (d)  No other person is known to have the right to receive or the
              power to direct the receipt of dividends from, or the proceeds
              from the sale of such securities.

         (e)  Not applicable.

ITEM 6.  Contracts, Arrangements, Understandings or Relationships With Respect
         to Securities of Issuer

         Not Applicable

ITEM 7.  Material to be filed as Exhibits

         Not Applicable


Signature

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



  February 5, 1998
- ----------------------
Date

                                    /S/ BURTON J. MEYER
                                    --------------------------------
                                    Burton J. Meyer

                                  Page 4 of 4


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