cornixforex wrote - Registered: Jan 2011 Posts: 1276 07-31-12 10:59 AM I don't care much to prove anything here or anywhere else. My methodology is so simple monkey could follow it and make money. ...... About many 1000 operations with hit 66% ############################ For our full coverage of the financial fallout at Peregrine Financial Group, click here. CEDAR FALLS, Iowa --- Peregrine Financial Group filed for bankruptcy Tuesday and the U.S. Commodity Futures Trading Commission filed a concurrent complaint against the company and its owner, Russell Ralph Wasendorf Sr., to freeze company assets. The action came a day after Wasendorf, 64, allegedly attempted to take his own life and another regulatory arm, the National Futures Association, took action against the company. The company filed for bankruptcy Tuesday under Chapter 7 of the U.S. Bankruptcy Code, usually the course companies take toward liquidation. But the CFTC action seeks a restraining order to freeze assets, appoint a receiver and preserve records. It also seeks restitution, and civil monetary penalties. The companyâs bankruptcy petition, filed in federal court in Chicago Tuesday, was signed by Wasendorfâs son, Russell Wasendorf Jr. The younger Wasendorf is the companyâs president and chief operating officer. The filing noted Wasendorf Jr. was empowered to take the action pursuant to a power of attorney action due to his fatherâs incapacitation. The power of attorney action was dated July 3, according to the companyâs bankruptcy filing. Officials said Wasendorf Sr. was taken to University of Iowa Hospitals and Clinics in Iowa City, and his condition wasnât available. Court records filed Tuesday stated he is believed to be in a coma as a result of the suicide attempt. A note left by Wasendorf prompted investigators to notify the FBI, which is conducting a preliminary inquiry. The CFTC complaint, filed Tuesday in U.S. District Court for the Northern District of Illinois, alleges PFG and Wasendorf committed fraud by misappropriating customer funds, violated customer fund segregation laws and made false statements in financial statements filed with the commission. The commission alleges PFG falsely represented that it held in excess of $220 million of customer funds during an NFA audit when in fact it held approximately $5.1 million. CFTC alleges PFG and Wasendorf failed to maintain adequate customer funds in segregated accounts as required by the Commodity Exchange Act and CFTC Regulations. The alleged bogus numbers go back to February 2010 when the company claimed $207 million in its segregated customer funds account but really had less than $10 million. In March 2011, the complaint further alleges, defendants made false statements in filings required by the commission regarding funds held in segregation for customers trading on U.S. Exchanges. In the aftermath of Wasendorfâs suicide attempt, the staff of the NFA received information that Wasendorf may have falsified certain bank records. Signs of trouble surfaced months ago. In February, the company and its executives paid $700,000 to settle charges by the National Futures Association, the regulator that shut PFG down this week. The association alleged Peregrine had failed to supervise brokers who made deceptive sales pitches and sought big commissions at the expense of customers. That helped convince Phil Flynn, at the time a broker with Peregrine, to leave the firm after five years. âFor me, that was a big red flag to start looking for another firm,â Flynn, who now works with Price Futures Group in Chicago, told The Associated Press. âMy only regret is that I didnât act faster.â Flynn said Wasendorf Sr. gave an awkward, rambling speech at the companyâs most recent Christmas party about his early business career and what it takes to become a success. âIt was kind of a downbeat thing for a Christmas party, kind of out of place and weird,â he said. Flynn said some firm employees referred to Wasendorfâs inner circle as âWasendorfians.â He said the chairman was often surrounded by underlings who treated him âlike he was the rock star of the firm, with great deference.â Wasendorf built an $18 million headquarters for the company that included a daycare center, a Montessori School for employeesâ kids and free breakfast and lunch, Flynn said. âIt was almost unbelievable,â he said of the facilityâs opulence.
cornixforex Registered: Jan 2011 Posts: 1277 07-31-12 11:07 AM How is particular brokerage scam related to ability of a trader to trade profitably? ########################### 1 .That is criminal case 2. In year 2011 on site of PFG was statement ,which is some equal to your statement Compare - PFG wrote --------------- "In my life i was teached not to be a right ,but a make a money " cornixforex wrote -------------------- I don't care much to prove anything here or anywhere else. My methodology is so simple monkey could follow it and make money. 3. All statement's from respondent cornixforex ################################# as "...thousands of trades 66% .... with payement 1:1" "... thousands of trades, which clearly show presence of an edge (say 66% profitable trades with 1:1 R/R) " without any scientific evidence ##################### No any CFTC or SEC verification ,only propaganda ... This page lists the primary contact information for the CFTC. If you can't find what youâre looking for, please send an email to Questions@cftc.gov.
There was no propaganda, there was a QUESTION to you: IF you see such a statement, would you believe retail trading is possible? You never answered just "yes" or "no", so who's doing propaganda here? Still have no idea how PFG case is related to the fact if trading possible or not.
SSSS, What if you see LIVE CALLS right in front of your eyes, many live calls in a row... Would you believe trading is possible then?
cornixforex Registered: Jan 2011 Posts: 1280 07-31-12 12:52 PM There was no propaganda, there was a QUESTION to you: IF you see such a statement, would you believe retail trading is possible? You never answered just "yes" or "no", so who's doing propaganda here? #################### 1. Your changed your statement mutliple time's ... thousands of trades, which clearly show presence of an edge (say 66% profitable trades with 1:1 R/R) to ...Whatever is "many", let it be 1000 trades with average hit rate of 60% and 1:1 R/R 2. Your questions was answered before In game ,where retail operator is dissadvantaged ################################ low quantities of the high risk bet fundamental correct approach Many operations -chance tobe ruined is higher But as exist 100 mln + reatail operators ,than can exist very limited quantities which can be profitable with many operations Author not informed about existence of any retail operator with 1000 operations with 60 % of win rate by payement 1:1 No any information to date ,which was verified from CFTC ################################### In all case's exist or not exist -that is only matter of game theory ######################################### (if case is verified from CFTC and SEC ,no relation to professional scene ,no relative & ) It is very good comparable with lotto win Retail sector fundamental dissadvantaged through spread ,broker and margin fees Advantage of only 51.36% by payement 1:1 in Monte Carlo Casino is enough to make mlm $ on regulary basys with your art of activities ".. thousands of trades"
I changed the question because it's not important how many is "many", whatever you find large enough sample. Did I understand you right, that you admit: among all retail traders there can be some who are consistently profitable after making many (thousands) of trades?
Copy cornixforex wrote -IF you see such a statement, would you believe retail trading is possible? You never answered just "yes" or "no ####################### You questions is false -have only propaganda objective --------------------------------------------------------- You wrote - " retail trading is possible?" It exist ... as gambling ############## Exist more as 100 mln retail operators ,which are performed trading acitivities But most of them (90 %) loss money ######################## Profitability in game ,where operator is dissadvantaged - is related only to game theory or Fortune ############################ Casino ,Lotto , retail trading