Anyone know the actual rulings regarding Live Trade Rooms.
Are they actually against the SEC, NFA and CTFC Rules, or are they OK ?
I wonder this because I always thought that if ever mentioning a stock for instance, that you had to "disclose that you have a position in it" if you do, or you can be in the wrong for "stock pumping". Then on the other hand a friend just told me that you are not allowed to disclose Futures positions unless you are registered with the NFA or CTFC !
It´s amusing to me cause these "live trade rooms" tell you when they have positions on (so you can follow ? ?) yet, if they are not allowed to tell you (because they are not registered with the NFA) then how is this not breaking the Law ?
On the other hand, if a trade room mentions a stock and they DONT tell you their position, then you are in trouble for "being a Pumper"...
LOL. So, which is it ? Contradictions as always.
Anyone know the real deal ? Like to see if there is a clarity on this.
This post is purely for educational and interest purposes - Please do not see this as a position call....
Laters.
Are they actually against the SEC, NFA and CTFC Rules, or are they OK ?
I wonder this because I always thought that if ever mentioning a stock for instance, that you had to "disclose that you have a position in it" if you do, or you can be in the wrong for "stock pumping". Then on the other hand a friend just told me that you are not allowed to disclose Futures positions unless you are registered with the NFA or CTFC !
It´s amusing to me cause these "live trade rooms" tell you when they have positions on (so you can follow ? ?) yet, if they are not allowed to tell you (because they are not registered with the NFA) then how is this not breaking the Law ?
On the other hand, if a trade room mentions a stock and they DONT tell you their position, then you are in trouble for "being a Pumper"...
LOL. So, which is it ? Contradictions as always.
Anyone know the real deal ? Like to see if there is a clarity on this.
This post is purely for educational and interest purposes - Please do not see this as a position call....
Laters.