|
PureBytes Links
Trading Reference Links
|
Dear Sir's:
What really irks me is that so called "INFORMATIONAL" CTA's are
representing themselves to the public as the real thing. This is similar
to an ambulance driver representing himself as a real Doctor!. Why not
require these people to put the word 'Informational after the CTA
designation or better still CREATE a new designation so that the public has
some ability to protect themselves from these charlatan's.
You have no idea of the amount of abuse the real CTA designation is
undergoing by these "informational" scammers. Please, lets do something
about it now.
Regards.
Ron Russell.
----------
> From: Andy <adle@xxxxxxxxxx>
> To: public_affairs@xxxxxxx
> Cc: omega-list@xxxxxxxxxx
> Subject: Fw: Solicitation for business on Internet
> Date: Monday, June 08, 1998 3:33 PM
>
>
> -----Original Message-----
> From: Andy <adle@xxxxxxxxxx>
> To: enforcement@xxxxxxxx <enforcement@xxxxxxxx>
> Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Monday, June 08, 1998 3:11 PM
> Subject: Solicitation for business on Internet
>
>
> >CALL FOR IMMEDIATE ACTION BY A CONCERNED CONSUMER
> >
> >mailto:enfrorcement@xxxxxxxx
> >
> >mailto:public_affairs@xxxxxxx
> >
> >Dear NFA below find a solscitation for business by Michael A. Mermer,
CTA
> >that he posted publicly on
> >the internet. LOOK at the claims of an audited record and the claims of
> 100%
> >profits. It is a clear
> >solicitation for business which he is claiming an audited account exist
to
> >back his claim. He being
> >a informational CTA and not a real CTA, is not subject to the same
> stringent
> >laws and once a year
> >auditing that a real CTA has to go through. I do not believe he can hold
> >himself up and represent
> >himself the way he is. If he continues to claim 100% profits and audited
> >accounts. Please by all
> >means force him to become a NFA member so that he can be held
accountable
> >for the inaccuracies of
> >his claim. Please visit this web site and read the claims for yourself!
> >
> >Below are some items I pulled off of the web
> >sitehttp://www.traderssoftware.com
> >
> >---------------------------------------------X
> >Michael A. Mermer, CTA, Pres. & CEO of TSCI
> >"Developers of the ETS Trading System for TradeStation & SuperCharts and
> >the ETS Fax/Online Broadcast Advisory" Sales: 800.637.6529
> >Advisory Support: 561.451.4497
> >ETS System Support/Upgrades: 561.451.8899
> >Fax: 561.451.0034
> >URL: http://www.traderssoftware.com
> >E-mail: tsci@xxxxxxxxxxxxxx
> >---------------------------------------------X
> >==========================================================
> >
> >
> >Mr. Mermer and TSCI are registered informational CTA's
> >with the CFTC and do not manage accounts at this time.
> >
> >Up 100%* with low drawdown. See our recent S&P performance
> >
> >>>From daytrading to long term position trading, ETS is the only trading
> >system you will ever need to
> >make money in the markets. We are
> >a CTA and our system and advice will help you make money!
> >
> >Join the 600 + banks, institutions, governments, fund and money managers
> and
> >individual traders who
> >have become our clients. Version
> >3.02b is ready to ship! Now you can own ETS, the System that Moves the
> >MarketŠ. We have limited
> >sales to 250 copies per year.
> >
> >The program includes a historical guarantee
> >
> >The program, originally released in 1993, was designed by master
technician
> >and CTA, Michael A.
> >Mermer, who has helped many hundreds of traders achieve their goals.
> >
> >The System has been profitable both before and after its release, being
> >highly rated by Futures
> >Truth and we can help you trade it with our real-time S&P/OEX advisory.
> >
> >We are looking to establish long term professional relationships with
> >serious traders only who will
> >make a commitment to follow the system make money on a weekly basis. If
you
> >want to start trading
> >now and be given opportunities to make big money every week, then all
you
> >need to do to get started
> >is to fax-back the Order Form to us to begin your service.
> >
> >We do all the work. All you need is a fax machine, brokerage account and
> the
> >willingness to take the
> >recommendations. Subscriptions are limited so subscribe now!
> >
> >Note: We act in an advisory capacity and do not manage accounts at this
> >time.
> >
> >No support calls will be accepted on our 800 sales lines or other
numbers
> >not assigned for Advisory
> >support.
> >
> >Note that if you do have your account traded by broker-assist, it is
your
> >account in your name and
> >any arrangements made in this regard are made between you and your
broker
> >and made at your own
> >expense and risk. We at TSCI are not brokers, do not manage accounts or
> >trade for you and act solely
> >in an informational capacity.
> >
> >If you are a client, please contact us for a current list of brokes who
are
> >trading this for their
> >cleints.
> >
> >Futures Truth does not "back-test" as they only do walk-forward testing
> from
> >the date they start
> >covering a system. So do not expect to see any results from them at this
> >time positive or negative.
> >You can however verify whether or not certain trades were made.
> >
> >Testimonials
> >
> >These are some of the real testimonials we have received from clients:
> >
> >"Your advisory is truly the best in the business and I recommend it
highly"
> >
> >" Great Web site for a great program" .
> >
> >"Especially like your [pre-open] morning updates"
> >
> >"Your hotline really helps me when I need to go out of the office"
> >
> >"Would be lost without you"
> >
> >"I get alot of advisories, but yours is true quality like I have never
seen
> >before"
> >
> >" I use your signal to help me make money in the market"
> >
> >"I know where to take profits now that I started trading your system"
> >
> >"A bargain at $125.00 per month, you should charge much more"
> >
> >"Gives me confidence in my trading"
> >
> >"Keep up the good work and don't let too many traders in on your
secrets"
> >
> >"I like the fact that you never have big losses and manage to limit your
> >losses to small losses"
> >
> >"Your faxes are clear and concise and received by me in a timely manner"
> >
> >"The support you offer is great. Most advisors don't even have phones
where
> >you can reach them. You
> >do and I like the fact that you handle your calls
> >personally"
> >
> >"Thanks for being there for that special advice on the recent trade. You
> >helped me get out of my
> >losing position (I took on my own) and converted it to a winner from one
of
> >your trades"
> >
> >"I like that you cover the Mini Value Line Futures. I have a small
account
> >($5,000) and now I can
> >trade the market too. No one else covers the Mini!"
> >
> >"Made money on my very first trade"
> >
> >"Your unique perspective really gives me insight to the markets"
> >
> >"Wish your advisory would cover real-time bonds and currencies as well"
> >
> >"Your Service is excellent. Absolutely the BEST I have ever seen. Thank
> >you."
> >
> >
> >RETRIEVED FROM MIKES WEB SITE WHERE HE CLAIMS TO MOVE THE MARKETS, HE IS
> >NOT A REAL CTA, BEWARE HE CAN CLAIM ANYTHING AND NOT BE HELD ACCOUNTABLE
> >AS A REAL CTA CAN BE... HE IS A PUBLISHING CTA AND THAT'S ALL.HIS CLAIM
> >OF AN AUDITED ACCOUNT MEANS NOTHING, IF HE MADE THE
> >KIND OF RETURNS HE CLAIMS HE WOULD BE MANAGING MONEY AND NOT SELLING
> >SYSTEMS
> >
> >
> >mailto:enforcement@xxxxxxxx
> >
> >mailto:public_affairs@xxxxxxxxxxxxxxx
> >
> >-- Required CFTC Risk Disclaimer
> >
> >While there is great potential for reward trading futures and options,
> >there is also risk of loss in all futures and options trading and you
> >must decide your own suitability to trade. Future trading results can
> >never be guaranteed. This is not an offer to buy or sell futures,
> >options or commodity interests. Simulated performance results have
> >certain inherent limitations. Unlike an actual performance record,
> >simulated results do not necessarily represent actual trading. Also,
> >since the trades may or may not have actually been executed, the
> >results may have under or over compensated for the impact, if any of
> >certain market factors such as lack of liquidity. Simulated trading
> >programs in general are also subject to the fact that they may have been
> >designed with the benefit of hindsight. No representation is being made
> >that any account will or is likely to achieve profits or losses similar
> >to those shown. All trades are made are at your own risk for you own
> >account. Past performance is never a guarantee of future performance.
> >
> ><<<<<<<<<<<<<<<<<<<<<<<<<<<
> >You are not as you state below a real CTA one who has to report to the
> >NFA and the CFTC. So what this means is that you can lie and
> >misrepresent ate your claims of profits outside the regulatory arm of
> >the CFTC which is the NFA. You do not have a series 3 license and
> >therefore you can claim anything you want as long as you can get away
> >with it. They can get you and I'm sure in the next few days by the NFA.
> >You should have read the archives of the Omega List before you stepped
> >out to make the 100% return claims you did. If you had you would have
> >known that there are some here that really know
> >what's what in this business. Very few indeed.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >
> >
> >Mr. Mermer and TSCI are registered informational CTA's with the CFTC and
> >do not manage accounts at this time.
> >
> >
> >
> >
> >
> >
> >
|