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What Happened to IM Academy and IYOVIA? The FTC Case Explained
At a glance
The FTC reported on August 7, 2026 that International Markets Live, the company behind IM Academy, IM Mastery Academy and IYOVIA, was no longer in business. A stipulated court order filed June 1, 2026 prohibits the defendants defined in it from selling or promoting trading-training services and investment opportunities; they neither admit nor deny the allegations the FTC and Nevada made in May 2025.
On this page
This is a case explainer, not a review of a subscription we have used. It follows the named business and the documents in the US proceeding.
Sources checked on September 27, 2026. Publisher disclosure: RoboXpert develops and offers its own trading software. We have a commercial interest in this field. Apply the same evidence standards to our products as to anyone else's. This article contains no affiliate links.
Is IM Academy still in business?
According to the FTC's August 7, 2026 consumer update, no: International Markets Live, also known as IM Mastery Academy and IYOVIA, was no longer in business following the agency's action. We rechecked that statement on October 1, 2026. FTC business-status statement.
The case index still displayed “Pending” when checked. That describes the proceeding; it does not contradict the agency's later statement about business operations. An old course review, promotional profile or accessible webpage is not evidence that the named business has resumed operating.
Are IM Academy, iMarketsLive and IYOVIA connected?
The FTC case record names International Markets Live, Inc. as doing business under IYOVIA, iMarketsLive, IM Mastery Academy and IM Academy. Those names appear in the same proceeding; an older brand name can therefore lead to relevant documents.
That does not establish that every later trading community, similarly named website or former participant is part of the same business. Any claimed connection needs its own evidence.
What did the FTC allege?
In May 2025, the FTC and Nevada filed a lawsuit in the US District Court for the District of Nevada. Their complaint alleged that unsupported or false earnings claims were used to sell financial training and participation in a multi-level-marketing (MLM) venture. The MLM part involved marketing the training to other people. The agency described social-media promotion aimed at young people and challenged the evidence behind purported trading success. These are attributed allegations from the FTC's complaint announcement, not findings from a RoboXpert trading test.
For a prospective customer, two questions must stay separate: does the training teach something useful, and what evidence supports the income being advertised? A lesson, a referral commission and a trading profit are different things.
What changed in 2026?
The stipulated court order filed June 1, 2026 covers the named companies and Chris and Isis Terry, among others. Section I prohibits the corporate and individual defendants defined in that order from selling or promoting trading-training services and investment opportunities, including specified assistance and financial interests.
The order also states that the defendants neither admit nor deny the complaint's allegations, subject to its stated exceptions. A binding settlement order is not a criminal conviction or an admission of every allegation. See the order's findings on page 4 and restrictions on page 9.
IM Academy lawsuit by date: complaint, court order, business status
The table lists the dated documents this article relies on. It is a selection, not the complete court docket, and each entry establishes only what the last column says.
Scroll horizontally if needed
| Date | Document | What it establishes |
|---|---|---|
| May 2025 | FTC and Nevada complaint announcement | The agencies' allegations about earnings claims; these are allegations, not court findings |
| June 1, 2026 | Stipulated court order (listed under June 3 in the FTC case index) | Section I prohibits the defendants defined in the order from selling or promoting trading-training services and investment opportunities; the defendants neither admit nor deny the allegations, subject to the order's stated exceptions |
| July 16, 2026 | Further order listed in the FTC case index | It concerns other relief defendants |
| August 7, 2026 | FTC consumer update | The agency's statement that International Markets Live, also known as IM Mastery Academy and IYOVIA, is no longer in business |
The case index still labels the overall proceeding “Pending”. That label describes the court case, not whether the business operates.
Why trading profits and recruitment income must be separated
When someone promotes a trading opportunity, ask which activity produced the income being shown. A sales commission can establish that a sale occurred; it does not establish that a trading method is profitable. An attractive lifestyle cannot supply the missing account history.
Our editorial test is to trace each claim to the right kind of evidence:
Scroll horizontally if needed
| Claim | Evidence to request | What would remain unresolved? |
|---|---|---|
| A person trades profitably | A dated account record, deposits, withdrawals, costs and open positions | Whether others can reproduce that result |
| Students usually succeed | A defined cohort, outcome measure, time period and inclusion of unsuccessful participants | Whether the training caused the outcome |
| A business opportunity pays | Income source, expenses, participant distribution and qualification rules | Whether those economics fit a new participant |
| A tool produces useful signals | Rules, timestamped observations and explicit test conditions | Whether a complete executable strategy has an advantage |
These are general questions for any offer, not claims that we inspected every IM Academy product or participant. If a seller provides a trading-account link, our guide to verifying trading results explains how to examine it. For a worked case of the first two rows, see our Warrior Trading review: it reads the seven pages of Ross Cameron's accountant report and separates an instructor's documented results from student outcomes.
Six questions before paying for another trading offer
- What am I buying? Separate education, software, signals, brokerage services and a recruitment opportunity. Ask for a written description.
- Who gets paid if I join? Identify referral payments, recurring commissions and conditions attached to access.
- What does the claimed result measure? Distinguish trading profit, sales revenue and withdrawals. Record the starting capital and measurement period.
- Who is missing from the success stories? Ask how unsuccessful or inactive participants are counted.
- What are the complete costs and exit terms? Include recurring charges and any separate software or data requirements. Keep the written terms.
- Can I inspect the evidence before deciding? A refusal leaves the claim unverified. It does not create an obligation to buy in order to find out.
If the pitch centres on doubling your account, our 100% monthly return reality check shows what that claim implies and why a high win rate can still conceal losses.
What if I already paid?
Keep your invoices, terms, cancellation messages and the specific claims you relied on. The record-keeping section of our Cash FX explainer lists the payment, withdrawal-request and correspondence details to preserve and includes a downloadable template. For US readers, the FTC links to ReportFraud.ftc.gov in its consumer update. A report is not a guaranteed refund. This article does not establish eligibility for compensation, a payment deadline or a recovery timetable; consult current official case information for those details. RoboXpert does not offer a recovery service.
Use an evidence check before your next decision
RoboXpert's guides explain how to inspect trading records, interpret losses and test indicator behaviour. Start with our trading-results checklist and use it on the next offer you encounter — including an offer from us. A recognisable brand or a convincing presentation should never replace the underlying evidence.
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