IFX CORP
SC 13D, 1998-05-20
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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<PAGE>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                   Under the Securities Exchange Act of 1934

                              (Amendment No. 3)*



               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)

                                 May 18, 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 Schedule 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 on 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>
                                 SCHEDULE 13D
- -----------------------                                  ---------------------
 CUSIP NO. 449518-20-8                                     PAGE 2 OF 4 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
      Michael J. Moss(1), ###-##-####                                         
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3     
       
- ------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4    
      Not Applicable 
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
      TO ITEMS 2(d) or 2(e) 
 5                                                                     [_]
- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
      United States     
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7     
     NUMBER OF            
                          240,142 Shares of Common Stock
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      8    
                          
     OWNED BY             None       
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9     
    REPORTING             
                          240,142 Shares of Common Stock
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          10   
                          None       
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11    
      240,142 Shares of Common Stock
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12                  
                                                                        [_]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13    
      Approximately 4% of the issued and outstanding Common Stock
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
14
      IN
- ------------------------------------------------------------------------------
                               *SEE INSTRUCTIONS

(1)  Shares reported herein held in JTWROS with Linda Moss, spouse of the 
     reporting person.

                                  Page 2 of 4


<PAGE>
 
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:
               Michael J. Moss(1)

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

          (c)  Occupation:
               Senior vice President
               E.D.& F. Man International, Inc.
               440 South LaSalle Street, 20th Floor
               Chicago, Illinois  60605

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

          (e) Mr. Moss, 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
              judgment, 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

          On May 4, 1998, in a private transaction, 120,070 shares of its Common
          Stock were sold to IFX Corporation for $1.90 per share.

(1)  Shares reported herein held in JTWROS with Linda Moss, spouse of the 
     reporting person.

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

          (a) 240,142 shares of Common Stock, approximately 4% of the issued and
              outstanding Common Stock.

          (b) The power to vote or to direct the vote and power to dispose or to
              direct the disposition of the 240,142 shares of Common Stock is
              jointly held by the reporting person and his spouse, Linda Moss;
              however, only the reporting person exercises said powers.

          (c) On May 4, 1998, in a private transaction, 120,070 shares of its
              Common Stock were sold to IFX Corporation for $1.90 per share.

          (d) Other than Linda Moss, 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) On May 4, 1998, the reporting person ceased to own more than 5
              percent of the issued and outstanding Common Stock of IFX
              Corporation.

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.


Date: May 18, 1998                         /s/ Michael J. Moss
- ------------------                         -------------------
                                             Michael J. Moss


                                  Page 4 of 4


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