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FACT: The NFA was not formed in l987 as an attempt to quiet the public about
the crash.
The NFA did not officially open begin operations until l982. Yes, five years
before most people thought.lt was started because of the great burst of
growth from the financial futures market.
In those early years volume went from 25 million to about 75 million.
And who was person behind this growth, Leo Melamed. He was chairman of the
Mercantile
Exchange at the time. He knew the success of this undertaking would take the
cooperation of the entire Futures industry.
I believe and this is just my opinion that someday the software developers
will have to join.especially if they talk about profits and easy road to
financial freedom. You know we all hate regulation until we get food
posoining. Robbing people of their future with false hoods and misleading
comments is wrong and unethical.
As for Jake, I believe it was asked to leave the NFA. You can go the NFA
web-site a read the decision yourself.
-----Original Message-----
From: Neil Harrington <njh@xxxxxxxxx>
To: 'Neal T. Weintraub' <thevindicator@xxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, August 01, 1998 4:31 PM
Subject: RE: Wells Wilder
>
>
>| -----Original Message-----
>| From: Neal T. Weintraub [mailto:thevindicator@xxxxxxxxxxx]
>| Sent: Saturday, August 01, 1998 11:34 AM
>| To: Crystal, Jeff
>| Cc: omega-list@xxxxxxxxxx
>| Subject: Re: Wells Wilder
>|
>|
>| Make life easy. See if these guys and anyone else is
>| registered with the NFA
>| Call 1-800-621-3570
>| www.nfa.futures.org.
>| By the way, the NFA is made up of members from the exchanges
>| and brokerage
>| community.
>| They have code of ethics. When they fine someone it is the
>| members (brokers
>| commodity pool advisors CTA's) who approve of the action.
>| Do not think it is some out of control group.
>| When someone is not registered with the NFA ask them why?
>| They will have a
>| great reason I am sure. But really, can't they live up to a
>| simple code like
>| balanced advertising, and no claims of profits based on back
>| tested methods
>| using play money. I am speaking at Futures West, you can bet
>| that a good
>| portion or those speaking are members are NFA members. Those who are
>| not....well you can guess who they are.
>| When i asked why non NFA members were speaking I was told
>| they are a good
>| draw..
>
>
>Like Jake Bernstein? Is he still a member of the NFA after he was fined
>$200K?
>
>Neil
>
|