Richard Regan - Pro Trading Course

Why can't the regulators just follow the money to see it going into trading accounts instead of toward education? There must be a reasonable man standard for educational fees/costs.
 
LLC MEMBERS

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Entity Name FX CHICAGO GROUP, LLC File Number 01928317

LLC FILE DETAIL REPORT

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Entity Name FX CHICAGO GROUP, LLC File Number 01928317
Status INVOLUNTARY DISSOLUTION On 01/09/2009
Entity Type LLC Type of LLC Domestic
File Date 07/31/2006 Jurisdiction IL
Agent Name RICHARD C REGAN Agent Change Date 07/31/2006
Agent Street Address 440 S LASALLE ST #1121 Principal Office 440 S LASALLE ST #1121
CHICAGO, IL 60605
Agent City CHICAGO Management Type MBR View
Agent Zip 60605 Duration PERPETUAL
Annual Report Filing Date 00/00/0000 For Year 2008
Series Name NOT AUTHORIZED TO ESTABLISH SERIES
 
Hey, fucked over guy, the NFA is an industry group that would love to hear about this guy, and he is a member, and in fact they will act much faster and probably be more penal than the CFTC. They can act on what they consider to be personal conduct matters.

RICHARD CHARLES REGAN

NFA ID: 0289771
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Current Status

• FLOOR BROKER REGISTERED
• FLOOR TRADER REGISTERED

FREETRADEROOM.COM LLC

• ASSOCIATED PERSON PENDING
• NFA ASSOCIATE MEMBER PENDING
• PRINCIPAL APPROVED

PRO TRADING COURSE LLC

• PRINCIPAL APPROVED

Trading Privileges

• PENDING AT CHICAGO BOARD OF TRADE
• GRANTED AT CHICAGO MERCANTILE EXCHANGE

Regulatory Actions

Agency

Number

NFA

0

CFTC

0

Exchanges

0

details...

NFA Arbitration Awards
Role

Number
Claimant

0
Respondent

0

details...

CFTC Reparations Cases

Total

0

details...

Formerly Known As

No other names

Security Futures Proficiency Training

No proficiency information available

Doing Business As

No other names

History

Status

Effective Date
• FLOOR BROKER REGISTERED

03/03/2009

• FLOOR TRADER REGISTERED

03/03/2009

• FLOOR BROKER PENDING

02/05/2009

• FLOOR TRADER PENDING

02/05/2009

• FLOOR TRADER WITHDRAWN

01/16/2001

• FLOOR TRADER REGISTERED

10/22/1998

• FLOOR TRADER PENDING

08/31/1998

ASTOR CAPITAL MANAGEMENT LLC

• PRINCIPAL WITHDRAWN

06/30/2008

PRINCIPAL APPROVED

09/25/2007

CHICAGO GLOBAL GROUP LLC

• PRINCIPAL WITHDRAWN

02/11/2008

• ASSOCIATED PERSON PENDING STATUS WITHDRAWN

02/11/2008

• NFA ASSOCIATE MEMBER PENDING STATUS WITHDRAWN

02/11/2008
• PRINCIPAL APPROVED

11/11/2007

• ASSOCIATED PERSON PENDING

11/11/2007

• NFA ASSOCIATE MEMBER PENDING

11/11/2007

CHICAGO GLOBAL INVESTORS LLC

• PRINCIPAL WITHDRAWN

12/18/2008
• ASSOCIATED PERSON WITHDRAWN

12/18/2008

• NFA ASSOCIATE MEMBER WITHDRAWN

12/18/2008

• NFA ASSOCIATE MEMBER APPROVED

11/14/2006

• ASSOCIATED PERSON REGISTERED

11/14/2006
• PRINCIPAL APPROVED

11/14/2006

• ASSOCIATED PERSON PENDING

11/06/2006
• PRINCIPAL PENDING

11/06/2006

NFA ASSOCIATE MEMBER PENDING

11/06/2006



FREETRADEROOM.COM LLC



• ASSOCIATED PERSON PENDING

03/01/2010



• NFA ASSOCIATE MEMBER PENDING

03/01/2010



• PRINCIPAL APPROVED

03/01/2010



FX CHICAGO GROUP LLC



• NFA ASSOCIATE MEMBER PENDING

05/30/2007



• ASSOCIATED PERSON PENDING

05/30/2007



• ASSOCIATED PERSON PENDING STATUS WITHDRAWN

05/29/2007



• NFA ASSOCIATE MEMBER PENDING STATUS WITHDRAWN

05/29/2007



• PRINCIPAL WITHDRAWN

05/29/2007



• PRINCIPAL APPROVED

05/23/2007



• PRINCIPAL WITHDRAWN

01/04/2007



• NFA ASSOCIATE MEMBER PENDING STATUS WITHDRAWN

01/04/2007



• ASSOCIATED PERSON PENDING STATUS WITHDRAWN

01/04/2007



• PRINCIPAL APPROVED

11/14/2006



• ASSOCIATED PERSON PENDING

11/06/2006



• NFA ASSOCIATE MEMBER PENDING

11/06/2006



• PRINCIPAL PENDING

10/23/2006



PRO TRADING COURSE LLC



• ASSOCIATED PERSON WITHDRAWN

03/01/2010



• NFA ASSOCIATE MEMBER WITHDRAWN

03/01/2010



• NFA ASSOCIATE MEMBER APPROVED

02/05/2009



• ASSOCIATED PERSON REGISTERED

02/05/2009



• PRINCIPAL APPROVED

02/04/2009



• NFA ASSOCIATE MEMBER PENDING

01/08/2009



• ASSOCIATED PERSON PENDING

01/08/2009



• PRINCIPAL PENDING

01/08/2009



REGAN GLOBAL CAPITAL LLC



• NFA ASSOCIATE MEMBER PENDING STATUS WITHDRAWN

02/11/2008



• PRINCIPAL WITHDRAWN

02/11/2008



• ASSOCIATED PERSON PENDING STATUS WITHDRAWN

02/11/2008



• NFA ASSOCIATE MEMBER PENDING

11/11/2007



• PRINCIPAL APPROVED

11/11/2007



• ASSOCIATED PERSON PENDING

11/11/2007



REGAN GLOBAL LLC



• NFA ASSOCIATE MEMBER PENDING STATUS WITHDRAWN

02/11/2008



• PRINCIPAL WITHDRAWN

02/11/2008



• ASSOCIATED PERSON PENDING STATUS WITHDRAWN

02/11/2008



• NFA ASSOCIATE MEMBER PENDING

11/11/2007



• PRINCIPAL APPROVED

11/11/2007



• ASSOCIATED PERSON PENDING

11/11/2007
 
Hey, fucked over guy, you are in luck. The douche-bag registered his course with the NFA !!!


PRO TRADING COURSE LLC

NFA ID: 0406782

--------------------------------------------------------------------------------

Current Status

• COMMODITY TRADING ADVISOR PENDING WITHDRAWAL

NFA MEMBER PENDING WITHDRAWAL

FIRM ON WITHDRAWAL HOLD

• NFA MEMBER APPROVED

• COMMODITY TRADING ADVISOR REGISTERED

Firm Activity Status

Firm has on-exchange futures and/or options customer accounts

No

Firm is soliciting customers

No

Firm manages futures or options customer accounts

No

Firm operates commodity pools

No

Firm is engaged in retail off-exchange foreign currency futures and/or options

No

Regulatory Actions
Agency
Number
NFA
0
CFTC

0
Exchanges

0
details...

NFA Arbitration Awards
Role

Number
Claimant
0
Respondent
0
details...
CFTC Reparations Cases

Total

0
details...
Formerly Known As
No other names

Business Address

141 W JACKSON BLVD
SUITE 3125-PTC
CHICAGO, IL 60604
UNITED STATES
(312) 799-0403

Doing Business As
No other names

Listed Principals
Listed Principal Name
Title
10% or More
Financial Interest
RICHARD CHARLES REGAN
GENERAL PARTNER
YES
History
Status
Effective Date
• NFA MEMBER APPROVED
02/05/2009
• COMMODITY TRADING ADVISOR REGISTERED

02/05/2009
• NFA MEMBER PENDING

01/08/2009

• COMMODITY TRADING ADVISOR PENDING

01/08/2009
 
Thank you for all the comments. I think f**ed- over guy will be my new nickname or perhaps a trading firm I will start up. Sounds about right.

Anyway, I did call the NFA and they referred it to the CTFC. I was called back in about 5 minutes. Seems like they may have already been doing some research. They knew who I was and when I had deposited money with PTC. GO FEDS!!!

I doubt I will see anything from this but one can hope. Perhaps if nothing else happens, others will not make the same mistake I did or maybe it could set a precedent for the "education" loophole and prop firms.

I do have the contact information for the attorney at the CTFC for anyone who lost money with PTC. Send me a message and I will forward it to you.
 
Quote from trader1993:

I received notification that Richard Regan's Pro Trading Course is ceasing operations. Unfortunately, it looks I will be out all of the money (over 10K) that I paid to get a prop account. He does not reply to emails or phone messages.

I am interested in talking with anyone who may be in a similar situation with them to discuss options we may have to get back any funds. I would also be interested in hearing from anyone that may have a comment on their business practices.

Thanks.
More...

Hey Fucked over guy, you might want to thank Bone for doing some nice leg work for you on helping you get your money back.
 
Quote from Maverick74:

Well, there are probably 20 or 30 firms that do it. It's actually been discussed widely on ET. .
More...

NYC is full of those kind of "props". SMB is one of them
 
Quote from Chris Paciello:

I know Richard. Good guy. He sold it about a year ago.
More...

Well, are you a poor judge of character, or is the OP "trader1993" a liar ?
 
I just PM'd the OP to ask if he was sincere and forthright - and to add some supporting details if that would be the case.
 
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