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That's a valid point. Since the trader isn't putting up any risk deposit/capital, it's a way to gain experience trading small size with real time data on a simulated platform. You're right, "don't expect to make it big with them" especially when their FAQ's aren't even clear regarding their...

"I was told I could go live right away." Did you actually go live? Their site has changed, but the FAQ's have remained the same. It still says you have to make 500 trades AND $1,000 during the evaluation phase. It's highly suspect when a firm states they will place you on a $25,000 LIVE...

It's good for Hertz, and for consumers of the two ride sharing services. More supply of cars matched with willing drivers paying $180/week equals more competitive fares for consumers. Both Uber and Lyft are paving the way for driverless cars. However, as it's been discussed already, these...

Good post, and very detailed summary. It seemed from the other thread they were looking to recruit traders and back them with real money. However, their FAQ's states that all trades are initially in SIMULATOR, so I'm not sure when they confirmed (if ever) that you were trading "with real $$$"...

I see your point. In other cases I've read on the SEC.gov site, they've accepted settlements without acknowledgement of guilt by the defendant. This case is quite different and more involved, since it has more egregious allegations such as fabrication of K-1 statements, failing to comply...

Chief trial attorney Susan Gradman of CFTC, states in the following in the request for relief: "An order requiring Defendants to make restitution by making whole each and every pool participant whose funds were received or utilized by them in violation of the provisions of the Act as described...

It seems some wealthy investors are either very gullible, greedy, and/or simply don't have the skills to conduct proper DUE DILIGENCE when being solicited for funds. It is FALSE to believe these guys all have "advisors who invest for them" because any COMPETENT advisor would have seen right...

Here we go again, fraud by another scammer. * solicited funds for a private placement...check. * made promises of lofty returns...check. * misappropriated funds for his own benefit...check. * falsified accounting statements...check. * eventually got busted by the regulators...check...

That means it's bound to break the all time high over $130's again, lol!

I stopped using ma's on smaller timeframes awhile back, however I still use the 50/100/200 sma on the larger timeframes (day/weekly/monthly). When Al Brooks was asked why he only uses the 20ma, he simply replied that he's been using it forever, and that's just the one he kept using. I remember...

Read the links. If you have any foreign account over $10,000 in your control, then you should be ok, as long as you don't miss the deadlines for FBAR, as the penalty is quite severe. SureTrader, according to their own site, claims they follow all rules regarding FATCA, which means they WILL...

The process involves filing paperwork to comply with "FATCA" and "FBAR". You can read about it here: https://www.irs.gov/uac/newsroom/taxpayers-with-foreign-assets-may-have-fbar-and-fatca-filing-requirements-in-june

It seems the SureTrader site is still operational and active. Hopefully the indictment does not have any impact on other customer accounts. I wouldn't have guessed that Guy Gentile would be involved in such a scheme, given that SpeedTrader was also one of his companies. Here's the SEC.gov...

Yes, it's in a large range, and going long at 2,100 was fool's gold, even if the Wall Street pundits kept touting a 2,300 end of year target. The S&P cannot seem to break 2,134 and the risk/reward favors the downside move. A breach of 2,000 on a close will increase negative sentiment and the...

"How can I make IRS believe I didn't make money on stocks, and didn't owe them money?" Prior to 2012, the IRS only received the sales prices and proceeds from the SALES of stocks. Then the law changed, so the IRS now receives BOTH the sales price AND the purchase price. If you had brokerage...

ProShares and Direxion have the lion's share of leveraged ETFs, so if you eliminate those then you'll be all set.

I guess in the "nearest time" we'll see more volatility in the U.S. stock market, with increased buying pressure in gold futures. The S&P wiped out a month of price action, back to May lows. SPY hit a technical support level at the 100day sma and bounced. If SPY breaks 200 then I think we'll...

Wow, that was a long complaint, lol! Ok, here's the Cliffs Notes version: 1. Faulkner made unregistered sales of securities. 2. Faulkner made material misrepresentations or omissions of facts to investors. 3. Falkner enriched himself and others by misappropriating clients' funds.. 4. Faulkner...

Dick Bove is to banks as Peter Shiff is to gold. Both are always touting their respective positions with any major news event. The only things that really matter if you're an investor in such sectors are cost basis and time horizon. The rest is just noise.

"It was not uncommon at all to have double digit inflation or deflation before the Fed..." What is your source for "long term inflation charts" before the fed? Here is the inflation data since 1913: http://inflationdata.com/Inflation/Inflation/DecadeInflation.asp Here is the inflation data...