|
PureBytes Links
Trading Reference Links
|
I started working as Director of Business Development for a CTA friend of
mine less than a month ago. We are trying to put out marketing mailers and
TV ads. He's up over 80% in the last 12 months. We can NOT mention our
returns without first presenting a D-Doc. So we have this great performance
but can not mention it directly. I've been on the phone and emailing NFA
compliance about what we can and can not say for the past two days.
It's maddening that a legitimate money manager can not advertise actual
documented returns but these guys with mass mailers can dupe the public into
beleiving they can trade their way to riches!
The NFA needs to set a standard like the securities industry where you can
advertise returns compared to a standard benchmark like the S&P.
Just my two cents,
Howard
>From: Ted Stampeen <cstampeen@xxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] Wealth
>Date: Fri, 09 Nov 2001 09:49:39 -0800
>
> I'm truly amazed also that there is no law to combat this kind of B.S.,
>if the "powers that be " really want to
> do a service to the" public at large", this should be their top
>priority,
>I have chatted with people who were starting
> out with a less than 5k account, and were going to trade Bellies because
>of some nice ' chart formation', so I asked
> them, what about being on the wrong side of a lock-limit move for days
>on
>end, because bellies can , and will do that,
> they had no idea, because it was not mentioned in their course they just
>bought, so I also mentioned that maybe
> they should start off with the less volatile and more liquid contracts,
>and again, they had no idea what I was talking about..
>
> all other "FALSE ADVERTISING" would be pulled off the shelf, the
>vendor
>probably sued, but not in
> this industry.. mind-boggling..
>
> enuff said / Ted
>
>
>
>
> > I just received a booklet in the mail that will tell me "How To Make a
> > Fortune With Only $400 and Gain Financial Freedom". He is selling a
> > Guaranteed Options trading system. It is tough for me to stomach some
> > of these ads put out to the unknowing public.
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
>http://docs.yahoo.com/info/terms/
> >
> >
>
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Universal Inkjet Refill Kit $29.95
Refill any ink cartridge for less!
Includes black and color ink.
http://us.click.yahoo.com/bAmslD/MkNDAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|