Thread: Investing with an Eye on Fraud Prevention

Trading Systems, Bots, and Woo Peddlers

I designed a trading system whereby a green light/buy signal flashes if the girlfriend's cat uses its litter box. A red light/sell signal flashes if the cat uses my sock drawer. My plan to sell meh system to would be millionaires for $995 a head and give up bloggin. No matter how silly enough sales volume should lead to a few success stories singing my praises. Sadly many folks peddling woo for years can't hold a candle to my kitty system or find as many raving fans. Angell, Fishback, and many other purveyors of trading acumen have been fined along the way. Paying a fine a here and there just a cost of doing business.

As a general market education some of the stuff out there is decent if it can be had for pennies on the dollar. Seminar hits town, $3000 that night at the hotel, $50 later that night for last years version on EBAY. Other than the mark ups, the claims of 90% wins and negligible losses are very misleading. Not only do I wonder why snake oil salesmen are selling their systems if so easy and profitable, curious why the person that purchased it would be parting with such a golden goose?


Enforcement Actions - CFTC

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