WE TRY AND HELP, EDUCATE AND EMPOWER. IF YOUR CAUGHT UP IN THE INTERNET WORLD OF "HYIP" SCAMS , WHICH ARE NOTHING MORE THAN PYRAMID/PONZI SCHEMES, OR IF YOU BELIEVE ALL OF THOSE SELF PROMOTED ACCOUNTS ,OR "ROBOTS" THAT MAKE RIDICULOUS CLAIMS, BEFORE YOU GET FLEECED, ASK YOURSELF , WHY ARE THEY NOT ON YOUR BUSINESS TV CHANNEL?
“The bottom line always is: If it sounds too good to be true, it usually is.” said CFTC Acting Director of Enforcement Stephen J. Obie."
So ask yourself , If 18% was a Ponzi
Is the Account in solely investors name with a LPOA granted or in some tangled web More About Track Records KEEP in Mind; NO ONE IS ALLOWED TO GUARANTEE PROFITS OR SHOULD, IT IS AGAINST THE LAW. THERE IS NO GUARANTEE ANY TRADER WILL MAKE PROFITS, TOMORROW, NEXT WEEK, NEXT MONTH. WHEN YOU SEE, HYIP’S OR OTHER FOREX INVESTMENTS WHICH SAY THINGS LIKE THIS, YOU FOUND A SCAM. DON’T BE FOOLED BY “GREAT REVIEWS” EITHER, SCAMMERS ARE SMART, AND USE MONEY TO HIRE PEOPLE TO PROMOTE ON THE INTERNET. THEY WRITE FANCY ARTICLES, VIDEOS, AND HAVE “GROUPS THAT CLAIM TO BE UNBIASED TO MAKE PEOPLE BELIEVE. REMEMBER, MADOFF HAD BILLIONS UNDER MANAGEMENT WITH A FAKE TRACK RECORD, AND LATEST FOREX FRAUD; July 14, 2010 Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) charged FX Professional International Solutions, Inc. (FXP) (a.k.a. FX Professional Solutions, LLC), of Orlando, Fla. and its principals, Pedro de Sousa (a.k.a. Pedroiz J. Sanz), also of Orlando, and Guillermo Rosario (a.k.a. Guillermo Rosario-Colon) of Coral Gables, Fla., with issuing false account statements to customers in connection with an off-exchange foreign currency (forex) fraud. The complaint charges that Rosario and de Sousa falsely represented to customers that since 2002 FXP had annual forex trading profits of 21 percent to 85 percent with no losing years; however, FXP did not exist prior to 2004. Furthermore, according to the complaint, defendants sent customers false monthly account statements showing profits every month from 2005 through 2008 when, in fact, the defendants’ forex trading resulted in monthly losses in 31 of 40 months during this period. SEC halts another Forex Ponzi Scheme by The SEC alleges that Daniel Spitzer, a resident of June 24, 2010 CFTC Charges California-Based Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging Highl U.S. District Court Orders Five Defendants in CFTC Action to Pay More than $4 million in Civil Penalties for Engaging in Illegal Foreign Currency Options Scheme, 5700-09 The CFTC in its civil lawsuit, filed in the U.S. District Court for the Southern District of Texas, alleges that to entice investors to purchase shares in Global One, Defendants touted their supposedly extremely successful historical performance of forex trading.
GREED, AND CHASING A THE DREAM, ONLY TURNS INTO A NIGHTMARE. Learn from it. ( More on Risk Disclosure)
We have had this site since 2002
We don’t care if you invest or not we feel good if we just prevent you from losing 40 50 % or more. We have seen it
Are all Parties Licensed? Including the trader, or JUST the brokerage firm or neither?
I was told "he trades from that account. He averages about 32% per mth, His best month is about 56%.”
I was told, “Their net for 2005 was 476%"
The Results of listening to such Hype:
"With them in about 4.5 months, My transaction report is 29 pages long with no profit. "
Had account about 1 month. My transaction report is 18 pages long, lost about 74% of the account. It appeared that it was someone's job to trade so that’s what they had to do, every day regardless of conditions
“My account was 20k, At one point, they had positions of more than 30x leverage, mostly in EURJPY. Considering only a 3% move (this pair has moved more in recent times) with 30x leverage, you get a 90% drawdown in just one single day. This is playing Russian roulette with other peoples money.”
“My entire account was wiped out in 5 days. In the first two days the account lost almost 80%.”
Above you see,we publicly released press releases, there is no denying those. That being said, We have an Inbox and correspondence full of people who were told they were going to make huge money, double % a month or more, with little risk, or told they would have limited risk but they got big short term losses. We also have correspondence from people who have tested "robots or trading programs, over 300, and none were profitable over the long term. Many are compensated to sell those programs, so it may appear some are making money because they have motivation to say so.
We were also involved in the markets during 1987 Stock market crash, 2000 crash, and of course 2008, as you can see from press releases. That being said we have found track records to be inherently inaccurate and as can be seen from Madoff and our fraud page,some outright lies.
Speak Live With a Trader Who Can Answer Questions click REQUEST FORM
Every investment has a Risk ,and anyone who tells you different is not speaking with integrity, and will be glad to take your money. We do not want your money if you do not believe that there is no risk ,no reward, or have no risk capital, no matter how confident we are in
our ability. If you are silly enough to believe no risk, and what sounds to be good to be true, you will be sadly mistaken. Some people quite frankly we end up wishing them luck because there is no talking sense to them, do not be one of them.
If you are a serious investor who wants to hear about risk, rewards and want to Speak Live With a Trader Who Can Answer Questions click REQUEST FORM
Recent Forex Frauds
June, 29,2010
.The Securities
April 12, 2010
CFTC Charges Raleigh, North Carolina Man and His Company, Yellowstone Partners, Inc., with Operating a Foreign Currency Ponzi Scheme, 5795-10
March 11, 2010-C
FTC Charges Scottsdale, Arizona Resident Helmut H. Weber d/b/a Weber Capital Management with Solicitation Fraud and Misappropriation in Forex Scheme, 5794-10
March 11, 2010-
Federal Court Issues Preliminary Injunction against Virginia Resident Ronald W. Smith, Jr., Doing Business as Safeguard 3030 Investment Club, in Forex Fraud Scheme, 5793-10
CFTC Charges Texas Resident Willie L. Cloud, Jr. and His Investment Company, C & R Financial, with Operating a Foreign Currency Ponzi Scheme, 5791-10
September 30September 23, 2009
Federal Court Issues Preliminary Injunction Aga
U.S. District Court Issues Orders Against Four “Operation Wooden Nickel” Defendants for their Roles in Defrauding Investors
September 9, 2009 CFTC Charges
September 09, 2009
Federal Court Freezes Assets of Texas Trading Firms M25 Investments, Inc.
August 21, 2009
The National Futures Association (NFA) PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS THE RISK OF LOSS IN FOREX TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD ALSO BE AWARE OF THE FOLLOWING: FOREX TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT RECEIVE THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR GUARANTEE EXCHANGE-TRADED FUTURES AND OPTIONS CONTRACTS. IF THE COUNTERPARTY BECOMES INSOLVENT AND YOU HAVE A CLAIM FOR AMOUNTS DEPOSITED OR PROFITS EARNED ON TRANSACTIONS WITH THE COUNTERPARTY, YOUR CLAIM MAY NOT RECEIVE A PRIORITY. WITHOUT A PRIORITY, YOU ARE A GENERAL CREDITOR AND YOUR CLAIM WILL BE PAID, ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS, FROM ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID. EVEN CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM ITS OWN OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF OTHER GENERAL AND PRIORITY CREDITORS. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. MANAGED ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES AND THE ACCOUNT MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETING OR EXHAUSTING ITS ASSETS. THIS DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE ACCOUNT MANAGER. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND SIGNIFICANT ASPECTS OF THE FOREX MARKETS. YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS. TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES, INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION. FURTHER, UNITED STATES REGULATORY AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.
FX ASSET MANAGEMENT INC (“CTA”) is COMMODITY TRADING ADVISOR REGISTERED (NFA ID#: 0391484 )
THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR’S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT.PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
RISK DISCLOSURE STATEMENT OPTIONS
Purchasing a Forex Option: where you purchase a Forex Option you may suffer a total loss of premium (plus transaction costs) if that option expires worthless. This risk reflects the nature of a long foreign currency option or an asset that tends to decline in value over time. The price of the underlying currency must either rise above the strike price for a call (or fall below the strike price for a put) by an amount in excess of the sum of the premium
becoming profitable ordinarily is remote.
you have no prior futures, options or securities trading experience;
your annual income is less than $25,000 or net worth is less than $50,000;
you investment. You must also realize that the limited risk in buying options means you could lose the entire option investment should the option expire worthless. If you wish to continue with your investment, you acknowledge that the funds you have committed are purely risk capital
The possibility exists that you could sustain a total loss of initial margin funds
Past performance is not indicative of future results.
What is a CTA?
We voluntarily registered and are A Forex CTA, Commodity Trading Advisor NFA ID#: 0391484. A Commodity Trading Advisor (CTA) is an individual or organization can advise others, directly or indirectly, as to the value of or the advisability of buying or selling futures contracts, Forex or commodity options and or exercising trading authority over a customer's account, as well as giving advice through written publications or other media.
1. CTA is generally the commodity equivalent to a financial advisor or mutual fund manager.
2. They advise commodity pools and offer managed accounts.
3. A CTA does not hold customer funds.
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