Not a good look for E2T...
https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/
https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/
Damn it. I just past their evaluation and is waiting for my funded account to setup.
Statement on Allegations of Personal Wrongdoing by Former Co-Founder
September 2nd, 2020
On September 2nd, 2020 the CFTC charged the former co-founder of Earn2Trade, Ryan Masten of violating CFTC regulations on several counts. None of the alleged incidents took place during Ryan’s ownership of Earn2Trade, nor had they any connection to Earn2Trade. By April, 2019, Ryan was already a fractional minority shareholder in Earn2Trade, and on July 1st, 2020 his final shares were purchased and he was no longer a shareholder in the company.
Earn2Trade is saddened to hear of the allegations against its former co-founder.
Earn2Trade strongly rejects the alleged activities and rejects unregulated Binary
Options trading in its entirety. Despite the current allegations, Ryan’s tenure at
Earn2Trade was a successful one. He helped build a great company and we are
proud today of what we have accomplished.
Earn2Trade prides itself on providing an objective examination and an equal
opportunity for retail traders around the world to test themselves and become
professional futures traders. We stand by the outstanding work our company
does every day, and we remain committed to providing a fair environment for
retail traders to test themselves and enter the world of trading.
I don't have a dog in this fight but this is Earn2Trade's apparent response:
Agree 100% I hope regulators do have a close look at this model ... having said that to be fair it seems that this "alleged fraud" is not about this business model! I though Binary options frauds from Israel were over by nowNot surprising. Everything about this new outcropping of “take our test and get funded” seems fishy.
I wonder if any are legit. I suppose we will find out if a bunch of them shutter after this.