A list of all scam unregulated 3rd party educational vendors

They all hide behind the name "educational service" and point to the SEC's rules on not being able to give specific advice in real-time. Well, why aren't ALL of them registered CTA's then? That removes this restriction.

Being a CTA doesn't make you a better trader. You certainly are allowed to legally give bad advice. However, it does open you to fraud prosecution if you advise one thing and do another.
 
This thread interests me because I have begun publishing reviews of futures trading systems over the past few months. Most simply, it is a practical question -- can you make money trading by using the system? It doesn't really matter what the site publishes or doesn't publish.
 
My name is D. Adams and read the complaint by Santosh about Learn to Trade and Invest-The Fractal Futures Trader. His complaints about the trade room and the course are essentially correct. At the time of his enrollment, I was just beginning a treatment regimen for an aggressive prostate cancer and eventually was prescribed necessary but debilitating amounts of morphine and was sick from the treatment regimen. I was a mess; the room was a mess; and I was oblivious to the problems in the room and my mentoring, which was subpar. Further, I did not realize the effect this condition had upon my disposition, or didn't want to realize it. I nodded off on several occasions and was slurring badly during the trading room hours; and traded in a fairly mediocre fashion. Dr. Dean Handley was in the room and was tracking my trades in the room and documented I traded with a winning percentage of 86% (six ticks or more) and slowly dropped off to the 50% range. I should not have been trading, but can honestly say I was not cognizant of my deteriorating behavior until a long time member gently said "stop" until your health improves. I took his advice and took a 4 month hiatus.

Some of the long term members of my program were aware of the problem, and I chose not to disclose the condition to those outside my inner circle of trading partners. That was probably a mistake, too. There were 6 new traders who received a pretty raw deal, of which 3 I have been able to locate and make amends. A fourth trader in the group of six was so irritated he refused any reparation. I invite Santosh to contact me to remedy his situation.

After a return to health and no subsequent relapse (not yet, anyway)the room is going well and no one is complaining, as they were during Santosh's experience. All of the pre-cancer clients are back in the room and plenty of new traders. I just wish things had not gotten out of control to the point I had to be told to stop trading.
 
everyone knows oliver velez is a fraud , he used to run pristine trading, Recently the best pristine traders left pristine and seems like pristine is getting back to its old model of selling snake oil as they kept all the fake traders who trade on demo and never show their results

check this screenshot, turns out oliver velez owns a major stake in pristine.. no wonder


BlazTrader, You must be just as gullible as when Velez ripped you off to be still taking Oliver Velez word as fact for anything. Velez was fired and thrown out of Pristine many years ago. The lawsuit almost sounded like a replay of what he did at VCM. Taking money, strip clubs and trying to put it out of business.

Like most, you never did any type of background check to see who he was and you didn't check now to see if what you posted from him was the truth either.. Velez never worked at a hedge fund, and he was never a Nasdaq market maker. You talk about velez in a negative way, but then quote him as if anything out of that mouth is to be believed. Do some homework net time. Has velez fled to Columbia and a one man operation?
 
I guess you are right, Trust velez is obviously not the way to go, But pristine is no more anyway now, I heard T3live purchased them and it is going to be official soon. Wonder what they do to their current subscribers, Is the room going to remain as it is or is it going to merge into T3 room. Because t3 is very particular about their brand and they dont even let their prop traders be part of any other trading room which is ridiculous.

Found this image floating around on twitter,
http://s1.postimg.org/ier9ah0dr/image.jpg

so looks like oliver did infact own piece of pristine and has now sold it to make the deal happen, The same t3 deal i heard other people talk about, so it confirms it, Even Greg capra confirmed this.

I guess its for the good as their community and the trading room was dying and losing interest anyway
 
They all hide behind the name "educational service" and point to the SEC's rules on not being able to give specific advice in real-time. Well, why aren't ALL of them registered CTA's then? That removes this restriction.

Being a CTA doesn't make you a better trader. You certainly are allowed to legally give bad advice. However, it does open you to fraud prosecution if you advise one thing and do another.
There is no restriction against giving advice in real time, unless they are a registered broker, which they are not. If you're not registered with the SEC, then you are not regulated by the SEC. The reason they don't give real time calls, is because if they did, people would realize they don't make money trading.
 
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