hi i received 2 h ago:
today January 21 of 2015 we had a communication with the trader Leiva about the situation of him private PAMM fund that he manages; as there is a contract with the fund manager, one of the clauses indicates that there can be no withdrawals when the fund maintains open positions.
FXIPS assumes the position as broker in this situation and warned to the trader that has a period of 20 days for will close the positions; if the trader omits this warning, FXIPS will be forced to shutdown all positions without notice and in the conditions which these are.
FXIPS not be liable for damages arising from this unusual practice and we will expel to the PAMM fund's trader.
FXIPS recommends using public PAMM funds since this type of funds offer better Working conditions than private funds.
Sincerely,
sounds fishy