A ONE-STOP PORTAL OF INFORMATION FOR FUTURES AND COMMODITIES TRADERS
There are thousands of individuals who have gotten into serious trouble in the futures industry. In this section we review some of the interesting complaints the CFTC has filed against individuals and firms. More importantly, we point out some things investors can do and look for in order to avoid being in these situations also. We will also write periodic articles on the latest problems or scams to infiltrate the industry.
Are Commissions a Big Part of Trading Losses? To answer this question, we decided to look at some brokerage firms that haven't been very successful. These are predominately firms that charge high commissions and most have been accused of using high-pressure sales tactics. Needless to say, this combination does not bode well for successful trading. We have compiled some information from CFTC complaints on six brokerage firms.
Take the Money and Run We thought we would do our part to help out the CFTC with these two elusive individuals. Sometimes the CFTC requests information from the public and sometimes the accused go "on the run".
In our initial article for the Watchdog Corner, we would like to alert investors to possible problems they may encounter with their brokers or potential brokers.
