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----- Original Message -----
From: Rus Newton <rpn@xxxxxxxxxxxxxxxxxx>
To: <gareth.ling@xxxxxxxxxx>
Cc: James Fisher <james.fisher@xxxxxxxxxx>; <markbrown@xxxxxxxxxxxxx>
Sent: Monday, April 26, 1999 3:20 AM
Subject: Is This Legal?
> Gareth
>
> The attached web site was brought to my attention on a BB I visit. It is a
> UK-based company which purports to sell Technical Trading Systems.
>
> Firstly, in the US such a company would need to be registered with
> NFA/CFTC - is that the case in the UK too? If so, I doubt they're
> registered.
>
> Secondly, as Mark points out below, the system is in fact a "scam" in any
> case so CallNet would appear to be trying to get people to part with $200
> for nothing. I imagine this must be illegal.
>
> As the local regulator, I thought you might be interested. If I should
have
> mailed someone else, I apologise - please let me have the email of the
> appropriate department.
>
> Rus Newton
> Global Advisors Limited
> +44 181 360 8392
>
> -----Original Message-----
> From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
> Sent: 26 April 1999 06:08
> To: OR
> Cc: Omega List
> Subject: SCAM ALERT!
>
>
> http://www.callnetuk.com/home/tradingsystems/
>
> Good example of a SCAM!
>
> LOOK, near the bottom of the page where it says System Results!
>
> SEE, where it says average bars in loosing trades? It's 0 < Zero using
> daily data this is how you know its a scam!
>
> This is the type of scam that Bill Cruz has allowed to be done with his
> software for years!
>
> Even though many of us have complained for years!
>
>
>
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