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> Another prospect decided to go with someone else because he said that since our rates >were lower, we must not be as good as the other firm - he actually preferred to pay >over twice as much in commissions because that just had to mean they were at least >twice as good!
A broker or acct. recruiter at Mainstreet apparently told a prospect
that the floor brokers got the bulk of the $95 and therefore gave MS
better executions!
This list doesnt' need warnings about KR. He was my intro but I soon
turned to another system. Cant' say my first several attempts have been
successful but (with one short exception) they've all been me calling
the shots and using a reasonable cost professional brokerage. I didn't
make the mistake of going with MS or similar.
What no-one has ever been able to explain to me is how does Ken Roberts
get away with sending out flyers like
http://www.kenroberts.net/commonsense/twmpmm01.html (a copy of the
flyer he sends out), releasing a video with testimonials that doesn't
mention the word "loss" once, touts trading as "good for struggling
families", etc.
That's all I want to know. Can someone with knowledge of how the CFTC
or NFA works explain this to me? Does the fact he is registered as an
(educational?) CTA let him off the hook? Seems like he must be in
violation of some "balance risk and reward" rules.
Is he too big? Does he bring in too much "new blood" to the industry?
Dont' mean to be too far off-topic, but this does speak to the
credibility of the industry doesnt it?
Conrad Bowers
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