Hey Anthony!!
What record?? I was not the trader at PEF! THE LPOA says the story who was! . . . and NO I WAS NOT REMOVED FROM FPA!!!
. . . My news results were great!!
Stavro,
I don't know you from Adam.
I did make the presumption that the reason you are now titled "Former" advisor was because of an action taken by the FPA.
I should have confirmed that was the case before referencing it.
Thus far I have not checked the validity of this, but should your assertion be true that this was a "voluntary" withdrawal on your part, then I am indeed in error and do apologize to you in advance for that erroneous assertion. I am surely an imperfect being.
I ask the AsstModerator and Pharaoh to weigh-in on this specific point, and enlighten us all with regard to the history of your involvment with FPA as "Special Consultant".
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I can state that I personally believe you to be an unlicensed, unregulated, self-appointed expert, not responsible to any financial regulatory authority anywhere; and never have been.
Is that correct? If you are, or have been regulated and/or licensed to manage money anywhere, please post your credentials for us all to see and verify; as I have.
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Whether or not you've been regulated, please explain your educational accomplishments and/or your industry certifications that have qualified you to promote yourself as a "Special Consultant" in Forex?
Which major firms have you been legally employed by, who will be required by law to verify your employment history?
What financial industry certifications have you earned via education and legal examinations??
Perhaps you are a Chartered Financial Planner (ChFP); No? Maybe a
Registered Investment Advisor (RIA); No? Perhaps a
Comodities Pool Operator (CPO), or a
Commodities Trading Advisor (CTA)? Hmm, maybe a
Chartered Market Technician (CMT)? Ugh no fears; for surely you are a
Series 7 SEC Stockbroker (RR), or perhaps a
Series 6 NFA Licensed Associated Person (AP)? No?
OK, if not, perhaps you were a licensed Floor Trader (FT)?
No, again; really?? Not even an unregistered floor runner, an exchange telephone clerk??
Perhaps a humble Series 6 Licensed Mutual Fund Salesperson?
How about the Insurance Industry. Anything there?
Anything at all?
Anything other than a self-fashioned, forex blow-hard??
Oh, too bad. Boo-Hoo.
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But wait, I have an idea!
What about providing some specific personal references you can cite here who would be willing to verify and confirm your claims of fabulous accomplishments?
Please Stavro, be very specific about this!
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Surely you have a personal banker, or a commercial risk managment firm?
Maybe a priest, a rabbi, a bishop, a mulha, the buddha, anyone who can vouch for you?
No? No one, nothing, nobody, anywhere??
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How about a self-directed personal trading account you can cite? Just one 3-year track record of any kind?
Still a No?? I see.
Sadly, I now see too clearly.
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Stavro,
You have pulled down your own third party audited track record, based upon your prior venture, that you used to proudly post here:
Primesignal's Profile | Myfxbook
Is that not correct?
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Is it also not correct that you entered into an agreement to sell or lease your reputation and your future signals as a "Consultant" to this "Thomas" (true name unknown) of Prime Eagle?
Is it not correct that you make reference to an LPOA Sign-up Agreement that was in use at Prime Eagle; but you have not obtained approval from any regulated body before distributing?
Is it not correct that you have never posted a sample document here to demonstrate your official "non-involvment"?
I am sure the victims of which would be delighted to compare it to their signed copies, and verify for us the accuracy of your version of the truth.
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You know members of the public seeking performance and success were sold the Prime Eagle Program based in-part, upon your former reputation for providing quasi-quality signals; signals you were paid to provide to Prime Eagle; correct?
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However, not only do you have the audacity to now claim that your style of trading was incompatable with your client firm: Prime Eagle's traders; but you apparently failed to notify your followers, clients, and the subscibers of this fact while their money was held at risk; nor did you notify them in advance of your personal decision to disassociate yourself from the operation and specify an exit date whereby they could have made a decison to disengage!
IS THAT NOT CORRECT?
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Not only would this behavior be judged a violation of law in the vast majority of legal jurisdictions, but is a gross violation of ethics and of human decency.
If I, as a registered financial professional behaved in such a manner, even within the marginally regulated arena of forex trading (which is not as heavily regulated as Stocks, Options, and Futures), I would be stripped of my licenses, fined, and likely jailed.
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My regulatory history can be verified easily on-line? How about yours?
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Please provide only verifiable evidence of any contradictions to the above, for us all to examine and settle in open discussion.
Have the guts to repost your true and complete historical track record for your entire history spanning all ventures.
Otherwise, just shut-up and crawl back under your rock.
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I assert Stavro, you are the penulitmate Posterchild for what any and every investor should RUN FROM in investing or even in speculating; and frankly, in life itself.
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Anthony Ingrassia, CTA
CFTC NFA ID#: 0278164
SEC CRD ID#: 2405437 (retired)
NY State Insurance Department
Life and Health Insurance
License: LA-784970 (retired)
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PS:
JMBlom, . . . And another scam by Stavro is born: HybridCorp - Financial Engineering . . .
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Hello JMBlom,
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Please advise us of how you determined just who is behind this next "Off-the-Regulatory-Radar" firm.
Please provide us the who, what, where, when of this entity, if you can.
There is no hint on the website link you provided.
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Thank you,
AI
=============================
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Hello Ben Shonewille,
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If you haven't already guessed, the only answer to your quere of "Whom can I trust?" is to:
"Know your Firm", "Know Your Trader", "Know Your Regulator".
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A 12-point program for speculator/investor security:
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1 - Be sure to NEVER rely on embedded links to supposed regulators, placed within the vendor's website.
There have been scammers whose links redirect an unsuspecting client to fraudulent copycat webpages that appear to be the regulator's true page, but which are actually controlled by the scammer. There they provide false records and histories. Some are so brazen as to even post false claims of registration with false numbers in multiple jursidications, in the knowledge that the vast majority of potential clients will just accept the information they present as true, and will not check further.
Don't fall into these traps.
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2 - Work with licensed professionals. Be willing to pay a reasonable fee for performance fairly earned for you.
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3 - Have reasonable expectations of performance.
Remember, Madoff went to jail for promising less than +2% / month; a promise big enough to bring in billions, because the key to his attractiveness was not the "2%", but the "+".
Ask yourself just what makes you think you can expect a snot-nosed jackass from nowhere, with no education, training, history or serious work history, will bring you 40% / month??
You just might get lucky from time to time, but judge performance against the risks taken; and know you are more likely to get rich at 5% net/month, every month, than with a +40% now and -60% next month monkey; then on and on you swing.
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4 - Recheck the firm and the trader's regulatory histories from time to time.
Confirm with the broker the trader uses his recent record and reputation with them.
They are closest to the immediate past, and have a wide view of the trader's other client accounts.
Often, an honest broker can be your best first-line of defense in arresting trouble as it starts.
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5 - Work only with entities willing to publish their verified real-time results via an impartial 3rd party audit site, like mt4i or MyFxBook.
Monitor their performance for at least three months while you do the due diligence, before you begin to invest with them.
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6 - If you decide to go forward with them, start as small as possible; then confirm your account performance closely resembles the audited verified real money account track record being published. If it does not, get an explanation immediately. Add to the account only after you can confirm there is a close correlation, and you like the results.
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7 - Continue to keep a close eye on account activity.
Do not hesitate to revoke the LPOA with the broker and flatten your account at the very first sign of trouble.
You can always restart, once your discomfort is appeased.
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8 - If and when you become profitable, start to make partial withdrawals every quarter or month, and let your trader know in advance of your plans to do so; so he can predict the capital he should have available for redemptions and subsequent trading positions.
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9 - Know the physical addresses.
Know the address of the trader and the broker.
Know the Custodian Bank where the client assets are held. Check with the bank on the reputation of the broker.
Check with the broker on the reputation of the trader.
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10 - Read the relevant Regulatory Guides, your LPOA, and the Disclosure Documents from all parties.
Make sure the parts you don't understand are explained to you and you can accept the risks.
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11 - Post the results of your due diligence here along with your experiences, and keep the info current if things change for the better or worse.
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12 - Monitor what others say, but always do your own due diligence, as sometimes claims are exaggerated, mis-stated, or outright plants of false information on public forums that are difficult for moderators to verify, qualify, and control.
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Here are a few links to useful information and resources you need to be aware of as a leveraged high-risk speculator:
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http://www.esma.europa.eu/system/files/2011_412.pdf
http://www.financialregulatorsgateway.com/
http://www.nfa.futures.org/basicnet/
http://www.nfa.futures.org/NFA-investor-information/index.HTML
http://www.nfa.futures.org/NFA-compliance/publication-library/forex-regulatory-guide.pdf
http://www.bis.org/regauth.htm#letter_B
http://www.fsa.gov.uk/fsaregister
http://www.esma.europa.eu/
http://www.ic3.gov/default.aspx
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Hope this helps.
Best wishes, AI
