FRAUD INFORMATION and RISK DISCLOSURE

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."

 

 When you see ads, and or are told of returns, or shown a “track record" in Managed  Spot FOREX Accounts of never mind 200% to 300%, but 50% , 60 % returns year after year.  And with little or no risk,no drawdown or loss, at the very least, be VERY wary.

 

Think about this, the biggest Ponzi scheme ever, the Madoff scandal, was looked upon with disbelief by many experts before it collapsed  for promising 18% annually. It than collapsed and found to be not true.

So ask yourself , If 18% was a Ponzi and found not to be possible, How is it that that some Forex Managers and some selling "Trading" systems are making promises and so forth of 50% to 100% or more with no risk, are they really true?  

 
GREED, AND CHASING A THE DREAM, ONLY TURNS INTO A NIGHTMARE. Learn from it. ( More on  Risk Disclosure)

For lack of a better term, do not be a sucker. Regulators are doing their best, but  they do not know about all frauds, all the time, have the resources or the investigations itself  take a long time. All the while current investors and new investors lose. A simple rule will do, if it sounds too good to be true it probably is, better yet, if
they were that good they would be on TV or Retired. 

We have had this site since 2002 and that knowledge and experience is priceless. We get many visitors from throughout the world to our website . If it sounds too good to be true, it is. Don't be a victim..

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 and heard it time and again.

Are all Parties Licensed?  Including the trader, or JUST the brokerage firm or neither   

 

Is the Account in solely investors name with a LPOA granted or in some tangled web and not fully transparent. Those are just a few. All of our accounts are transparent and traded individually. We here at Fx Asset Management are  Licensed  as well as our  partners, Double transparency .


 

BEWARE -These are some quotes about other Managed Forex Accounts.
 

The Hype:   

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   "

 More

 
“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%.”    

About Track Records

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 


KEEP in Mind;
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.  

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

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 

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.

June, 29,2010 

SEC halts another Forex Ponzi Scheme by Virgin Islands based Daniel Spitzer

.The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a purported fund manager based in the U.S. Virgin Islands who perpetrated a $105 million Ponzi scheme against investors.

The SEC alleges that Daniel Spitzer, a resident of St. Thomas, used several entities and sales agents to misrepresent to investors that their money would be invested in investment funds that, in turn, would be invested primarily in foreign currency. Investors were falsely told that Spitzer’s funds had never lost money and historically produced profitable annual returns that one year reached over 180 percent. Spitzer instead used money raised from new investors to pay earlier investors, and misappropriated investor funds to pay unrelated business expenses. He concealed his scheme by issuing phony documents to investors that led them to believe their investments were profiting.

June 24, 2010

CFTC Charges California-Based Highlands Capital Management, LP and Glenn Kane Jackson with Defrauding Customers in an Off-Exchange Foreign Currency Scheme

 

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging Highlands Capital Management, LP, based in San Francisco, Calif., and its principal Glenn Kane Jackson of Tiburon, Calif., with operating a fraudulent off-exchange foreign currency (forex) scheme.

April 12, 2010
  
CFTC Charges Claudio Aliaga and His Company, CMA Capital Management, LLC, with Operating a Foreign Currency Ponzi Scheme
  

 

 

 March 15, 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

March 9, 2010-
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
inst Florida Resident Beau Diamond and His Company, Diamond Ventures LLC, in CFTC Multi-Million Dollar Forex Fraud Action, 5721-09  

 September 23, 2009
U.S. District Court Issues Orders Against Four “Operation Wooden Nickel” Defendants for their Roles in Defrauding Investors and Banks in Illegal Foreign Currency Schemes, Return Ill-Gotten Gains, and Pay Fines Totaling over $25 Million5719-09

September 9, 2009
CFTC Charges North Carolina Foreign Currency Firm CapitalStreet Financial LLC and its Principal Sean F. Mescall with Operating a $1.3 Million Forex Ponzi Scam, 5714-09
September 09, 2009
Federal Court Freezes Assets of Texas Trading Firms M25 Investments, Inc. and M37 Investments, LLC, and Scott Kear, Sr., Jeffrey Lyon and David Seaman, Charged by the CFTC with an $8 Million Forex Fraud, 5723-09
August 21, 2009 

 

 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

August 20, 2009

CFTC and the State of California Charge San Diego Forex Firm MAK 1 Enterprises Group, LLC and Its CEO Mohit A. Khanna in Multi Million Dollar Scam, 5699-09

August 7, 2009

CFTC Charges Charlotte, North Carolina, , Couple Sidney and Charlotte Hanson and their Companies with Operating a $22.5 Million Foreign Currency Ponzi Scheme, 5689-09

July 9, 2009

CFTC Charges Georgia Man with Operating a Multi-Million Dollar Forex Ponzi Scheme, 5674-09

September 22, 2009

NFA permanently bars True Vector Trading Group LLC and its principal

September 22, 2009

NFA permanently bars New York firm Changes Capital Management LLC and its principal

September 21, 2009

NFA permanently bars Florida firm GlobeFX Club Inc.

September 18, 2009

NFA permanently bars Florida commodity trading advisor Capital Blu Management LLC

July 23, 2009

NFA permanently bars California commodity pool operator and trading advisor, Foreign Trade Bank Securities, Inc.

 
The U.S. Commodity Futures Trading Commission (CFTC) today charged Robert D. Watson (Watson), Daniel J. Petroski (Petroski), a Texas lawyer and certified public accountant, both of Houston, Texas, PrivateFX Global One Ltd., SA (Global One), allegedly a Panamanian corporation, and 36 Holdings Ltd. allegedly of the United Kingdom and/or Switzerland with orchestrating a multi-million dollar fraudulent off-exchange foreign currency (forex) scheme.

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.

We have had this site since 2002 that knowledge experience is priceless. We get many visitors from throughout the world to our website . If it sounds too good to be true, it is. Don't be a victim.
 
  

 

 

 

 



FX ASSET MANAGEMENT INC (“CTA”) is COMMODITY TRADING  ADVISOR REGISTERED (NFA ID#: 0391484 )  

 

The National Futures Association (NFA) and CFTC (Commodity Futures Trading Commission), the regulatory agencies for the forex and futures market in the United States, require that customers be informed about potential risks in the forex market.  The National Futures Association (NFA) is the industry wide self-regulatory organization for the U.S. futures industry. NFA's activities are overseen by the CFTC, the government agency responsible for regulating the U.S. futures industry. We must tell you that : THE COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THIS TRADING PROGRAM. This  registration is NOT an endorsement of the CTA. 

RISK DISCLOSURE STATEMENT

 

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.
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

 

 Purchasers and sellers of foreign exchange options contracts should familiarize themselves with the type of option (i.e. put or call) which they contemplate trading and the associated risks. Trader should calculate the extent to which the value of the options must increase for their positions to become profitable, taking into account the premium, commission and all transaction costs. The purchaser of foreign exchange options contracts may offset, or exercise the options, or allow the options to expire.  If the option is on a spot foreign currency contract, the purchaser will acquire a currency position with associated liabilities for margin (see the currency spot market section above). If the purchased options expire worthless, the Trader will suffer a total loss of Trader’s investment, which will consist of the option premium plus commission and transaction costs. If the Trader is contemplating purchasing deep-out-of-the-money options, Trader should be aware that the chance of such options becoming profitable ordinarily is remote. This brief statement does not disclose all of the risks and other significant aspects of trading in leveraged investments and in the purchase or sale of spot foreign currencies. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk.  Past Performance is not indicative of future results.

 Additional risks associated with Forex Options

Your Forex Trading account will allow you to trade Forex Options if you so choose. Forex Options involve risks beyond those risks set out above. Please ensure you understand the following before trading Forex Options with us: Variable degree of risk. Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e., put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. 

 

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 and all other costs incurred in entering into and exercising the option for you to realize a profit on the transaction. The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring, as applicable, a long or short Forex position. If you acquire such a Forex position, you will be responsible for the associated liabilities for margin (see the section on Margin above). If the purchase options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deepout- of the-money options, you should be aware that the chance of such options

becoming profitable ordinarily is remote.

 

Selling (writing) a Forex Option: The risks of selling (writing) a Forex Option are greater than the risks of purchasing one. You will be exposed to full price risk on the Forex Option; consequently, the risk of loss can be unlimited. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying Forex positions. If you acquire such a Forex position, you will be responsible for the associated liabilities for margin (see the section on Margin above). If the option is "covered" by the seller holding a corresponding position in the underlying currency or a Forex position or another Forex Option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited.

     

Note: This is not a solicitation to invest. To invest the Account   Documents must be read and agreement forms signed.

Secondary Risk Disclosure: High Risk Investment

 

Forex Trading is considered one of the riskiest forms of investment available in the financial markets because it permits you to trade foreign currencies on a highly leveraged basis. The funds in an account trading at maximum leverage can be completely lost and potential losses are not limited to the amounts on deposit in your account. Given the possibility of losing an entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly affect your personal financial well being. If you fall into any of the following categories, you should be aware of the additional risk disclosures set out below:

  you are retired;
  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 and loss of your investment will not jeopardize your style of living nor will it detract from your future retirement program. Additionally, you fully understand the nature and risks of currency and currency options investments, and your obligations to others will not be neglected should you suffer investment losses.

The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.

 
Past performance is not indicative of future results.

Market conditions change, some start at different times so performance records are different. Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for youare investing retirement funds (such as Keogh, IRA, 401K etc.);   you are aged 65 or over.  

If you have pursued only conservative forms of investment in the past, you may wish to study currency trading further before continuing an investment of this nature. You must realize that you could sustain a total loss of all funds you deposit with your broker as initial margin as well as substantial amounts of capital, when trading currencies or currency options, should the market go against your .    

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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