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NFA can't help

Discussion in 'Scam Alerts' started by pippedout, Jan 20, 2010.

  1. pippedout

    pippedout Private

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    Just received a letter from NFA,with regards to Forexyard,they are out of the NFA's jurisdiction,you are on your own when dealing with these people..........
     
  2. Sibali

    Sibali Corporal

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    Yes they can't do anything. Thats what i got when i compliant against GCI.
     
  3. clem699

    clem699 Sergeant

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    Perhaps because they are no longer regulated by the NFA?
     
  4. PipStar

    PipStar Sergeant

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    Nothing surprising since no regulator will be able to help you when the company in question is outside their area of jurisdiction. That is the company is not a member of the NFA.

    Forexyard don't even show a physical address on their website and that's always a red flag.
     
  5. Pharaoh

    Pharaoh Colonel

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    Always check out who regulates a broker before giving them your money. Asking the NFA to help you with an offshore broker would be like me asking a Florida Highway Patrol Officer to give a ticket to someone who ran a stopsign in Wisconsin. It was a traffic violation, but it's outside his jurisdiction.

    If you are a US resident who's been ripped off by an overseas scam, you can file a complaint with IC3.gov
     
  6. pippedout

    pippedout Private

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    I am a Canadian resident,but I guess my money is long gone.........
     
  7. Sibali

    Sibali Corporal

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    you may contact them!!


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