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I found this interesting. No, I do not find all postings of interest. I
simply delete those unread.
Many of these off topic postings are of general interest to me.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: scheier <scheier@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, May 16, 2000 8:27 AM
Subject: Re: Be Warned about Guru's
> Interesting post, but irrelevant. This is not a forum for self promotion.
Black
> boxes are rarely discussed and it's certainly not a place where anyone
would expect
> to solicit business. This is a forum for the testing and exchange of
ideas and
> techniques. It's also a forum to bear witness to others who are making
the art
> of trading work. That's both inspiring and challenging. So I'm
wondering what
> was the point of this post. What are you trying to sell? Me thinks he
doth
> protest too much....
>
> Scheier
>
> Mark Brown wrote:
>
> > Hello metastock
> >
> > what the cftc has done lately is crack down on people who make claims
> > of winning trades without making it clear what the risk is. the cftc
> > investigated and found that most ALL people who were trying to get
> > clients and or bragging about all the winning trades they were making
> > in FACT did no even have a trading account of their own.
> >
> > this is the way they manipulate to play on your greed that your
> > missing out ect. claims of a high percentage of winning trades was
> > one of the tip off's of a possible scammer. when in doubt - ask for a
> > disclosure document and an independently audited track record. also
> > ask when was the last time the advisor was audited by the nfa. i
> > would also suggest that you check the basic listings at the nfa web
> > site.
> >
> > be advised that anyone who is a nfa member and cta is prohibited from
> > giving trading advise without fist having that person read and
> > acknowledge a risk disclosure statement.
> >
> > For more detailed information about the risk associated with trading
> > futures please contact the CFTC or the NFA or visit their web site
> > -information listed below.
> >
> > Commodity Futures Trading Commission
> > Three LaFayette Centre
> > 1155 21st Street, N.W.
> > Washington, D.C. 20581
> > www.cftc.gov
> >
> > National Futures Association
> > 200 W. Madison Street
> > Suite 1600
> > Chicago, Illinois 60606-3447
> > 1.800.621.3570.
> > www.nfa.futures.org
> >
> > Beware of Websites Selling Commodity Trading Systems that Guarantee High
> > Profits with Minimal Risks
> > http://www.cftc.gov/enf/00orders/posting4-tradingsystem.htm
> >
> > >From the CFTC website also see the public advisory:
> >
> > The following respondents and their websites were the subjects of the
CFTC
> > orders:
> >
> > Firm or Individual (click to view Order): Website Address:
> > Oasis Publishing Corp. and Gordon J. White
> > http://www.pr-success.com/; http://www.risktaker.com/
> > Mohammed Najib Taybi
> > http://www.yenman.com/
> > John B. Reily
> > http://www.bonds2000.com/
> > Paul B. Judd and Paul Judd International Corp.
> > www.pauljudd.com/
> > Michael P. Calo d/b/a First Financial Trading
> > http://www.pr-success.com/
> > Christopher F. Salter d/b/a Christopher Fernwick
> > www.learntoprofit/futures/index.htm
> > RS of Houston
> > http://www.rsofhouston.com/
> > Eron Demian Read d/b/a New Age Trading Techniques
> > Global Futures Exchange & Trading Company
> > http://www.natt.net/
> > Trendy Systems, LLC; Allan P. Harris; Joseph Prewitt
> > http://www.trendysystems.com/
> > Ellery Coleman d/b/a Granite Investments
> > www.choicedaytrades.com
> >
> > The ten orders require the promoters to cease and desist from violating
the
> > provisions of the Commodity Exchange Act (CEA) and the CFTC's
regulations which
> > the Commission found they violated; to undertake, among other things, to
make
> > no unsubstantiated profit or risk claims; and to pay $10,000 civil
monetary
> > penalties, unless respondents have demonstrated to the Commission that
they do
> > not have the financial ability to pay such a penalty.
> >
> > --
> >
> > -Thanks, Mark
> >
> > ps it seems most crooks in this business always talk about their
> > winners all the while conveniently NOT talking about their losers.
>
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