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The SEC goes farther than that - it
requires performance to be calculated in certain ways and, if required, disclose
the method (look at money market yields). That's the only way to insure
the "a" can be compared to "b". This is long overdue in the futures
market. Gotta wonder why they don't do it.
Regards,
Mike
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000080 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Howard
Hopkins
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, November 09, 2001 8:04
PM
Subject: Re: [RT] Wealth
<FONT face=Arial
color=#000080 size=2>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.> >>
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