A Forex (or FX) fraud is a trading system to defraud merchants to convince them that they can expect to make a large profit, the trading market change. Currency trading, "the fraud du jour," from the beginning of 2008, according to Michael Dunn of u. S. Commodity Future Trading Commission.
[1] But: "The market has long been affected by swindlers preying on the gullible," said the New York Times
[2]. "The average individual-market currencies victim loses about $ 15,000, according to CFTC records," says the Wall Street Journal.
[3] The North American Securities Administrators Association says that "off-exchange forex trading by retail investors is at best very risky and, in severe cases, pure fraud.
[4] "In a typical case, investors may be promised tens of thousands of dollars profit in just a few weeks or months, with an investment of only $ 5,000. Often, the investor with the money is never really in the market through a legitimate dealer, but simply divert - stolen - for the personal benefit of artists. "
[5] In August 2008, the CFTC, a special tasks force to deal with the growing changes fraud. "
[6] The Forex market is a zero-sum game
[7], which means that any trader wins, another loses, except that the commissions and other transaction costs are the results of all traders, the forex techniques of a negative sum "game . This fraud could agitated for customer accounts, to the effect of commissions, selling software that is supposed to provide customers in large profits,
[8], are not properly managed "Administrator account",
[9], false advertising,
[10 ] Ponzi schemes and win betting fraud.
[11] Furthermore, it refers to the retail forex broken, indicating that the negotiation is to change a low risk, high profit investment.
[12] The u. S. Commodity Future Trading Commission (CFTC) which loosely regulates the U.S. market change has increased the amount of unscrupulous activity in the bank not to change industry
[13]. An official of the National Association was quoted future
[14] with the words, "Retail forex trading has deteriorated dramatically in recent years. Unfortunately, the amount of forex fraud has also dramatically ..." Between 2001 and 2006, the u. S. Commodity Future Trading Commission has processed more than 80 cases involving the expenditure of more than 23,000 customers lost the $ 350 million. From 2001 to 2007, more than 26,000 people lost $ 460 million in forex fraud. [1] CNN quoted Godfried De Vidts, chairman of the Financial Markets Association, a European body, with the words, "The banks have a duty to protect its customers and shall ensure that customers understand what they are doing
[1] But: "The market has long been affected by swindlers preying on the gullible," said the New York Times
[2]. "The average individual-market currencies victim loses about $ 15,000, according to CFTC records," says the Wall Street Journal.
[3] The North American Securities Administrators Association says that "off-exchange forex trading by retail investors is at best very risky and, in severe cases, pure fraud.
[4] "In a typical case, investors may be promised tens of thousands of dollars profit in just a few weeks or months, with an investment of only $ 5,000. Often, the investor with the money is never really in the market through a legitimate dealer, but simply divert - stolen - for the personal benefit of artists. "
[5] In August 2008, the CFTC, a special tasks force to deal with the growing changes fraud. "
[6] The Forex market is a zero-sum game
[7], which means that any trader wins, another loses, except that the commissions and other transaction costs are the results of all traders, the forex techniques of a negative sum "game . This fraud could agitated for customer accounts, to the effect of commissions, selling software that is supposed to provide customers in large profits,
[8], are not properly managed "Administrator account",
[9], false advertising,
[10 ] Ponzi schemes and win betting fraud.
[11] Furthermore, it refers to the retail forex broken, indicating that the negotiation is to change a low risk, high profit investment.
[12] The u. S. Commodity Future Trading Commission (CFTC) which loosely regulates the U.S. market change has increased the amount of unscrupulous activity in the bank not to change industry
[13]. An official of the National Association was quoted future
[14] with the words, "Retail forex trading has deteriorated dramatically in recent years. Unfortunately, the amount of forex fraud has also dramatically ..." Between 2001 and 2006, the u. S. Commodity Future Trading Commission has processed more than 80 cases involving the expenditure of more than 23,000 customers lost the $ 350 million. From 2001 to 2007, more than 26,000 people lost $ 460 million in forex fraud. [1] CNN quoted Godfried De Vidts, chairman of the Financial Markets Association, a European body, with the words, "The banks have a duty to protect its customers and shall ensure that customers understand what they are doing
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