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Commodity and Futures - Physical commodity and financial futures markets.
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Posted by truth-b-told on September 28, 2006, 10:55 pm
Apparently we have some determined Forex SCAMMERS who just don't get
it...aka Rick Ratchford, Fake Names, and several others, etc.....Now
why would anyone wish to play these games, and promote themselves as a
Forex Guru? Why do they need to HUSTLE and SCAM their Forex BS, in this
site, or in the TFC website? Who do you think is hiding behind these
Forex promotions that have appeared in here the past few months? Forex
is FULL of SCAMMERS, who will say and do anything, to get you to trade
the Forex markets. This is why so many Forex FRAUDSTERS, are promoting
their sites and forecasts. So I ask you, if they are so good at trading
the Forex themselves, why are they SPAMMING and TROLLING for newbies?
Buyer Beware!!
Sincerely,
gerillio.
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http://www.cftc.gov/enf/enfforex.htm
The Commodity Futures Trading Commission (CFTC) has witnessed
increasing numbers, and a growing complexity, of financial investment
opportunities in recent years, including a sharp rise in foreign
currency (forex) trading scams. A federal law enacted in December 2000,
called the Commodity Futures Modernization Act of 2000 (CFMA), makes
clear that the Commission has the jurisdiction and authority to
investigate and take legal action to close down a wide assortment of
unregulated firms offering or selling foreign currency futures and
options contracts to the general public. In addition, the CFTC has
jurisdiction to investigate and prosecute foreign currency fraud
occurring in its registered firms and their affiliates.
In light of the CFMA, the CFTC has issued an Advisory concerning the
offering and trading of foreign currency futures and options contracts
involving the retail public, and also revised and re-issued its 1998
Consumer Alert on foreign currency trading to help the retail public
identify foreign currency trading scams. The CFTC's Advisory
reaffirms that off-exchange trading of foreign currency futures and
options contracts with retail customers by a counterparty that is not a
regulated financial entity as set forth in the CFMA is unlawful.
In its separate Consumer Alert, the CFTC warns consumers of sales
solicitations appearing in newspapers, radio or television promotions,
or attractive Internet websites, touting high-return, low-risk
investment opportunities in foreign currency trading, and of highly
paid currency-trading employment opportunities. The CFTC urges the
public to be skeptical of such claims and suggests some "red flags" to
look for, and cautionary steps to take, before trading foreign currency
products.
Division of Trading and Markets Advisory Concerning Foreign Currency
Trading By Retail Customers - March 2002
Advisory on Foreign Currency - February 5, 2001
Consumer Advisory: Beware of Foreign Currency Trading Frauds
Consumer Advisory Brochure on Forex Fraud
Questionnaire Form - to report information to the CFTC regarding forex
(or other commodity futures or options) activities
In addition to these Forex Advisories, the CFTC has also issued several
other Consumer Advisories that are posted on the Customer Protection
page.
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