Recent content by Black Knight

The problem is, the Dodd-Frank Wall Street Reform Act pretty much closed the "offshore" loop hole. Any foreign broker with a US office MUST transfer the accounts of any clients residing within the US to their US branch. Those of you with FXCM UK or FXDD Malta accounts, for example, should...

Crown's NEW Name... Attention troops! Crown has a new name... and it is Basel Financial I got a bit suspicious when I saw they were offering "Bluetrader"... which we know is a platform developed by one CrownIT. Check out these screenshots I just took from their demo MT4 platform (which is...

Leslating Across Borders Their argument is that if you have US clients, you fall under their jurisdiction. Offshore brokers will soon have to decide whether to dump US clients or adopt US rules. FxPro is already dumping US accounts. FXCM UK has already issued notice that foreign IBs will...

Thanks for posting this, Watchman. Some other links of interest.... Information on how to submit your formal complaint to the CFTC: http://fx-knight.com/smForum/index.php?topic=1027.msg5068#msg5068 The full text of the CFTC proposal (much more in there than just 10:1)...

CFTC: Don't get mad... take ACTION! Great post! Here's how to follow up... CFTC: Don't get mad... take ACTION! Emergency online town hall meeting today at 14:00 GMT to plan organized resistance...

Update on Crown Forex Hi folks, I have some news on the Crown Forex fiasco, and regrettably it's not good. This information is not yet verified, but at least one major newspaper is saying Crown has "no assets". Since our accounts were never segregated by the broker as they claimed, they...

Update on Crown Forex Hi folks, I have some news on the Crown Forex fiasco, and regrettably it's not good. This information is not yet verified, but at least one major newspaper is saying Crown has "no assets". Since our accounts were never segregated by the broker as they claimed, they...

Update on Crown Hi folks, I have some news on the Crown Forex fiasco, and regrettably it's not good. This information is not yet verified, but at least one major newspaper is saying Crown has "no assets". Since our accounts were never segregated by the broker as they claimed, they are...

Howdy folks... I'd like to enlist your help as I put the finishing touches on my upcoming book. Actually, rather than calling it "my" book, I really ought to call it your book. As those of you who have been on my site for a while now know, when I first set out to write this book the goal...

A broker doesn't qualify as a "bank". Part of FINMA's issue with Crown is that they were claiming to have a banking license, and also claiming that client accounts were segregated. In fact they weren't. So our money is currently considered a Crown asset, to be divided among all credits once...

I know you're upset, mat88 - but give them a chance to look into it and see what they come back with. Looking over the chat you posted, it feels Andrew remained very professional and tried to be as helpful as he could, despite how you were yelling at him. A scam would be if no one was there to...

I just spoke with Mr. Winkelmann, and can confirm the validity of the e-mail sent last night, as well as the legitimacy of the new Crown Forex internet address, which was set up by the legal team to help facilitate information flow during the bankruptcy proceedings. Seems the appeal Crown filed...

I recommend anyone who is owed money by Crown file their claim IMMEDIATELY. Just a thought, guys... to be safe, contact one of the attorneys at the nomea.ch addresses to submit your claims - do not use the crownforex.info address just yet; to our knowledge Crown Forex owns a .ch and a .com...

Yes, we just got the same notice as well. The outcome was to be expected... I've never heard of a broker actually surviving an investigation by Swiss regulators. I recommend anyone who is owed money by Crown file their claim IMMEDIATELY. Basically at this point we stand in line with all the...

FINMA has already reached a decision (as of February 23rd), and Crown has already filed an appeal to that decision. Now FINMA has until mid-May to answer that appeal, and a final ruling from the courts is expected sometime this summer.