Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (83148)	12/8/2023 1:21:00 PM
From: Qone0	5 Recommendations Recommended By ajtj99 skier31 Sokka Sun Tzu towerdog Respond to of 97916

The scams in the markets just continue to amaze me. September 01, 2023 Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the District of New Jersey against Murtuza Kazmi, formerly of Phillipsburg, New Jersey, and his companies, Traders Global Group Inc., a New Jersey corporation and Traders Global Group Inc., a Canadian business organization, all doing business as “My Forex Funds.” The complaint charges them with fraudulently soliciting customers to trade leveraged, margined, or financed retail foreign exchange (retail forex), and leveraged retail commodity transactions. Case Background According to the complaint, the defendants, doing business as “My Forex Funds,” supposedly offered retail customers the opportunity to become “professional traders” by using Traders Global’s money to trade against third-party “liquidity providers” and share in any trading profits. They assured customers that “your success is our business,” and “we only make money when you do.” But, in reality, Traders Global—not a third-party “liquidity provider”—is the counterparty to substantially all customer trades. The complaint also alleges that Traders Global actively minimizes the likelihood that customers trade profitably by using pretexts to terminate customer accounts, misleadingly assessing commissions that reduce customer account equity, secretly using specialized software to cause customer orders to be executed at worse prices than appeared to the customer at the time an order was sent, and handicapping the extremely small number of successful customers to decrease customer profits and increase customer losses. As the complaint noted, the Traders Global pitch has been successful, and more than 135,000 customers have signed up for their trading program since November 2021, paying at last $310 million in fees. The complaint alleges Kazmi used proceeds from the fraud to purchase luxury homes and automobiles, and make tens of millions of dollars in transfers to his personal accounts. There is another one of these Ponzi's still operating based in Israel. Called the 5%ers. I'm tempted to go hurt them. <G>

To: Qone0 who wrote (83148)	12/8/2023 1:56:43 PM
From: Sun Tzu	3 Recommendations Recommended By ajtj99 Investor2 Qone0 Respond to of 97916

For your fine public services today, here's your daily humor: I'm hiring a research analyst. In an interview with a candidate I asked the question: Q: Describe how you deal with hard to find data and attention to detail? A: I am a single women dating in a large City. I can find any piece of information. 🤣 — Jeremiah Shamess \| Toronto Land & Building Sales (@JShamess) December 8, 2023