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roberk
 

Registered: Dec 2003
Posts: 2168

 

06-24-07 04:57 AM

http://www.cftc.gov/opa/enf04/opa4977-04.htm

Saw a link to this on another thread and thought it deserved its own thread.

I took a trial with these clowns and they tried to pressure sell their software (T-3 Fibs ProTrader) to me for $7000! http://www.nss-t3.com/
The salesman was on the phone telling me I could expect to make back my money in a few weeks, how after a couple of months I could be trading 10 contracts. This guy was just a commission based salesman- strange how he didn't have the confidence in the software to start trading it himself.

I watched John Novak trade in real time -via hotcomn - and he would would put marks on the platform saying where he thought a good trade was (and then remove them if the trade didn't work out). He was really pushing how profitable it was- it turns out he was outright lying and a losing trader, not surprised as I could see no viable method at all, just guessing and hoping.

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NihabaAshi
 

Registered: Jan 2002
Posts: 3973

 

06-24-07 11:42 AM


Quote from roberk:

http://www.cftc.gov/opa/enf04/opa4977-04.htm

Saw a link to this on another thread and thought it deserved its own thread.

I took a trial with these clowns and they tried to pressure sell their software (T-3 Fibs ProTrader) to me for $7000! http://www.nss-t3.com/
The salesman was on the phone telling me I could expect to make back my money in a few weeks, how after a couple of months I could be trading 10 contracts. This guy was just a commission based salesman- strange how he didn't have the confidence in the software to start trading it himself.

I watched John Novak trade in real time -via hotcomn - and he would would put marks on the platform saying where he thought a good trade was (and then remove them if the trade didn't work out). He was really pushing how profitable it was- it turns out he was outright lying and a losing trader, not surprised as I could see no viable method at all, just guessing and hoping.



Did you take the trial before August 18, 2004 or after.



Mark

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roberk
 

Registered: Dec 2003
Posts: 2168

 

06-25-07 07:55 AM

It was about two years ago, so probably about the time they were getting busted. Not that I knew anything about it.

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dandxg
 

Registered: Oct 2005
Posts: 4277

 

06-25-07 07:59 AM

I am glad you posted that. I unwittingly suggested someone look at it for fib clusters. Honest mistake.

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traderdave72
 

Registered: Jul 2006
Posts: 70

 

06-25-07 09:09 AM


Quote from roberk:

http://www.cftc.gov/opa/enf04/opa4977-04.htm

Saw a link to this on another thread and thought it deserved its own thread.

I took a trial with these clowns and they tried to pressure sell their software (T-3 Fibs ProTrader) to me for $7000! http://www.nss-t3.com/
The salesman was on the phone telling me I could expect to make back my money in a few weeks, how after a couple of months I could be trading 10 contracts. This guy was just a commission based salesman- strange how he didn't have the confidence in the software to start trading it himself.

I watched John Novak trade in real time -via hotcomn - and he would would put marks on the platform saying where he thought a good trade was (and then remove them if the trade didn't work out). He was really pushing how profitable it was- it turns out he was outright lying and a losing trader, not surprised as I could see no viable method at all, just guessing and hoping.


I wonder if anyone was ever compensated? I see on the link that you posted a Related Document which looks to be the original complaint. IF you open that complaint document, at the end you will see what the parties were asking for in terms of compensation. Thanks for posting thisi, it amazes me how a company like that can still be in business under the same name! Just shows you how "well protected" we are.

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Bogan7
 

Registered: Aug 2006
Posts: 1690

 

06-25-07 10:14 AM


Quote from traderdave72:

I wonder if anyone was ever compensated? I see on the link that you posted a Related Document which looks to be the original complaint. IF you open that complaint document, at the end you will see what the parties were asking for in terms of compensation. Thanks for posting thisi, it amazes me how a company like that can still be in business under the same name! Just shows you how "well protected" we are.



You are well protected if you are a fraud "God Bless Corporate America"

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