PaceCapitalGroup.com Review

This is an update from the posting a few down about the Cease & Desist issued by the State of Pennsylvania. That order was RESCINDED and here is the posting:

https://www.secure.psc.state.pa.us/releases/Members/index.cfm?page=FinalOrder&TypeId=&=569&state=&ReleaseType=&ReleaseDate=&ReleaseYear=&Desc=Pace%20Capital&Rescind=

Review Moderation Team Note: The reviewer forgot to mention that the final order included barring the respondents from selling securities for 6 months as well as charging them investigation costs. Here is the full text of the order...

Pace Capital Group, LLC
Robert Cavallaro
Shawn May
Courtney May
Eagleville, PA

FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER. 07/22/2008.
The Commission has ACCEPTED an Offer of Settlement, which was submitted by the Respondents without admitting or denying the allegations of the Order, while specifically consenting to the imposition of the sanctions set forth in the Order.

The Summary Order to Cease and Desist issued June 12, 2007 is prospectively RESCINDED.

Respondents are BARRED, for a period of six months form the date of this Order, from offering or selling securities in this State, unless they retain counsel knowledgeable and experienced in securities laws who will make all applicable filings with the Commission, or have obtained an opinion of counsel knowledgeable and experienced in securities laws that no filing is required with the Commission to exempt the securities or securities transactions.

The Commission, by Order, imposed sanctions against the Respondents., including the following:

- Respondents are ORDERED to pay an amount which represents investigative costs.

- Respondents are ORDERED to comply with the PA Securities Act of 1972, and in particular Section 201.

Respondents offered and sold a Program that was neither registered nor exempt from registration in Pennsylvania, in willful violation of Section 201 of the PA Securities Act of 1972.

They managed to lose 80% in less than a year. I'd give them 1 star except I don't think they are unethical, they just couldn't get the job done. Their excuse was that it was a tough market. Well, duh!

https://www.secure.psc.state.pa.us/releases/Members/index.cfm?page=ReleaseDetail&id=852&ReleaseType=&ReleaseDate=&ReleaseYear=&Desc=&Rescind=&CFID=159489&CFTOKEN=9ed233fcb8b25cf6-B29BCE6F-2B3A-77E0-872862B34572CA52&jsessionid=80301545191231357202031

Okay...the proof is in the pudding....i stayed
with these guys for 1 year....after evetything
is said and done i lost 9 percent of my account.
Meanwhile they made money with fees and kick backs from FMCO. How they manage to show profit is beyond my imagination.
I guess i am going to stick to my boring stocks
averaging 12 percent a year in gains and
sleeping like a baby at night.
Forex is not for us working people...stick with good quality stocks...been there,done that.

I was with these guys for 6 months they lost 36% of my money They are not revealing their true results for 2007 They switched the accounts over to a new system about four months ago they are showing hypothetical rersults They talk a good game please Beware

I went with Pace Jan 1, 2007 got out the first of August 2007 with a 24% loss. These guys could make money but they just couldn't hold on to it.

I'm kind of torn with these guys, I also saw the identical reviews mentioned below that had different names and thought it was pretty sad. However, when speaking to them, they seem pretty really cool. That being said, I did get the impression from some of the questions that I asked that they are not nearly as experienced as they portray themselves. I also listened to one of there early conference calls, and this became even more apparent

I know a lot of their data is historical and to say the least, their "real trading" has not come anywhere near those numbers. In my opinion, with the risk you take on in a derivatives market like currency, you should expect a much better than 3% return on your money for 2007.

I'm not sure a "scam" rating is justified (alhough I almost did give them the scam rating when I saw the identical reviews), so I will give them just a 1 star rating as I at least believe in the results they post. I do think some of the other reviews are a joke as they came just after there fund was down almost 40% for the two months prior

I have no idea how the reviews are so positive. I got hammered by these guys early on and my account was down almost 50% at one time. It has recovered some, but any legitimate company would not allow their client funds to be so at risk in such a short period of time. It was down over 30% in just over a week when first opening. I am giving a scam rating because I do not believe these reviews are authentic. A couple of months ago, I saw two "identical" 5 star reviews here with different names. Felix caught it, unfortunately, he did not point this out. If this company cannot even let the public determine the value of there fund, think how they will do with your money. Unfortunately, I found out!

This is my first time on this website and I agree with the statement below. After speaking with this group directly, I started trading with them in November 2006. I was very happy with my returns for the end of the year and 2007 started out great, but Feb and March were rocky. I am glad they diversified the fund into two separate strategies, this should help with the draw downs they experienced in those two months. They are very good with customer relations and answer all my questions which is a total necessity for me when I am investing. I am quite happy with them and I have recommended them to people in my investment group. The conference calls have been very helpful also and I would hope they continue with them. I will give my next evaluation of them at the end of this summer.

I have been with these guys since they started their fund in 05’. They discuss in depth their strategies on weekly conference calls and newsletters what direction they are taking the company. Anyone who gets their advice from websites like this without doing their own due diligence and calling the company direct, should not be investing in the forex in the first place. I traded with Robert (one of the partners of Pace) five years ago in a trading group and he is one of the best technical traders I know. When he opened the fund in 05’, I diversified part of my portfolio with him right away. The bad part about a website like this is you have people who can write any comment they want and it gets published. I personally know of people on these sites that talk trash about companies because they have their own managed accounts and want to discredit the competition. Like I mentioned before, if you are investing in something through recommendations of half the idiots that post here, you should be shot. Do yourself a favor, call every managed account and every alert service posted on this site, do your homework and then make your decision on your investment. Also do yourself a favor and call the broker that the fund is associated with. Speak to them directly about the company and how they are regarded as a managed fund. You will be surprised at how many don’t seem to have a broker? I have investigated over 20 companies over the last two years that are total scams, with most of them being out of the country. Pace Capital Group is a solid fund, they are not profitable every month, but they have very consistent quarters . When I read some of the comments here it makes me feel like I am in an HYIP boardroom (HYIP is those High Yielding Investment Programs that are about 95 % scams on the internet). I totally discredit half the BS that is written. Investing in the forex is serious business. If you do your homework and get on the phone and ask questions, you will realize you are with a good group of educated traders with Pace. If you want to sit here and listen to gossip of people who are not in the fund, people who are looking for “the fastest buck” then follow what they say directly and I wish you good luck. By the way, I am with 2 managed accounts so don’t think I am a cheerleader just for Pace Capital. I am just fortunate to have known one of these guys before they started this thing. And some of these fools that speak about the fact that Pace Capital doesn’t seem that educated have no understanding of the forex markets whatsoever. I will give you a challenge, call up Robert direct and talk the talk with him about technical analysis and see if he holds water. He has written several codes in Trade Station and has developed some very unique systems that they trade today on their platform. He has taught me many things about money management also over the years and I thank him for that. I won’t be able to stop the stupid comments on these boards, they are going to keep coming in, positive and negative week after week. But let me reiterate, if you are taking what half these people say on these posts as truth, you should have your head examined. I’m sure I will get comments back from the few that already commented below, that’s just the way it goes with these sites. It’s all advertising and perception. Don’t get manipulated, do your homework and stop listening to chatter. Don’t even listen to me, go call the companies yourself and ask the right questions. Good luck to all of you reading, and keep good care of your investments.