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JerryAdler
 

Registered: Aug 2008
Posts: 86

 

03-14-11 03:29 PM

And let us not forget Stan/Ed Moore:

Rhythm of the Markets
Options Magic
TradQuest Systems

And his latest scam:
New Era Trader

Fined by the CFTC for fraud
Lost CPA license

Currently on the run. If anyone knows the whereabout of this jackass, I know a few people who would like that information.

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olias
 

Registered: Dec 2007
Posts: 1676

 

03-14-11 03:37 PM

'Scam' is the biggest growth sector of the American economy. Think of all the useless bullshit that gets sold in this country.....

It just leads to money changing hands with nothing of value being produced. Scammers are classic douche bags because they don't acknowledge and own up to their responsibility to the system....to other human life. They are out only for themselves. I think we all have that responsibility.

You wouldn't scam your parents or your friends, so why is it ok to scam a stranger? We are all family

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emg
 

Registered: Feb 2010
Posts: 5430

 

03-14-11 03:40 PM

Found a link on Traders International:

http://www.cftc.gov/PressRoom/Press.../pr5733-09.html

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emg
 

Registered: Feb 2010
Posts: 5430

 

03-14-11 03:46 PM

updated case on Nexgen from the CFTC

http://www.cftc.gov/PressRoom/Press.../pr5216-06.html

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emg
 

Registered: Feb 2010
Posts: 5430

 

03-14-11 03:48 PM

Updated lists:

Puretick
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems

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tomdavis
 

Registered: Apr 2009
Posts: 1879

 

03-14-11 04:27 PM

No government regulation is required beyond current fraud laws.

First, I can't imagine "selling" my trading system to anyone. It took thousands of hours to develop. Why would I want to waste time with students?

But let's say there actually is a trader who's willing to share his/her method for a price. All you have to do is ask to see real-time brokerage statements and call the broker to confirm. If a teacher/seller isn't willing to provide brokerage statements and permission for you to confirm results, then why on earth would you hand over your hard-earned money? Do you really need a government regulator to do something that you can do yourself?

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