|
PureBytes Links
Trading Reference Links
|
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.
|