The State of Texas also has obtained cease and desist orders along with various criminal indictments and convictions. At historic joint open meeting, CFTC and SEC approved a final rule on security futures margin and a request for comment on portfolio margining. ***Privacy Policy: https://www.admis.com/wp-content/uploads/2020/05/ADMIS-Privacy-Policy.pdf, © 2023 by Strategic Consulting. Hunter Wise Commodities, LLC 2361 Campus Dr. Irvine, CA 92612. The CFTC’s Division of Enforcement has established a toll-free telephone number to assist members of the public in reporting possible violations of the commodities laws. Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. To date, the federal court has found three corporate defendants liable to pay restitution of $12 million and each was assessed a fine of $37 million. Also in 2005, the CFTC and the Texas State Securities Board (TSSB) engaged in a cooperative enforcement effort against Premium Income Corp. (PIC) and its principals. Access to the trades latest information and news without annual account fees or membership dues. You must carefully consider whether such trading is suitable for you in light of your financial condition. Giving our clients the access and information they need to make informed trading decisions. The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) warn that off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud. Be wary of promises that sound too good to be true: “You can make six figure profits within a year; forex investments are very low risk; You can double your money.” Get-rich-quick schemes, including those involving foreign currency trading, tend to be frauds. Instead, they typically close out their buy or sell commitments and calculate net gains or losses based on price changes in that currency relative to the dollar over time. Check Registration & Disciplinary History, report suspicious activities or information to the CFTC. Visit NASAA’s website at www.nasaa.org to contact your state or provincial securities regulator. Performance & security by Cloudflare, Please complete the security check to access. Summary. Marketing future production or participating in a wide variety of futures markets, RML Trading is your avenue to accessing the world’s leading Futures & Options Markets. Unfortunately, they are, and investors need to be on guard against these scams. Be especially cautious if you have acquired a large sum of cash recently and are looking for an investment vehicle. Be smart about the money you do put at risk. View Contact Info. The public can obtain information about any firm or individual registered with the CFTC, including any actions taken against a registrant, through the National Futures Association (NFA) Background Affiliation Status Information Center (BASIC), available on the NFA website at: http://www.nfa.futures.org/basicnet/. If you are tempted to invest, make sure you understand these products and above all, only invest what you can afford to lose. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition. Trading commodity futures and options to enhance your production marketing or meet your investment goals. The scholarship is awarded to the student whose essay best demonstrates these qualities. Web. Cloudflare Ray ID: 5e9f658aacc7f748 In 2002, the CFTC, the SEC and the State of Utah filed an action against a company known as “4NExchange” for violations of state and Federal laws as the firm’s principals illegally offered foreign currency contracts through an alleged Ponzi scheme that cost investors nearly $15 million. Even when purchased through the most reputable dealer, forex investments are extremely risky. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. The high degree of leverage used with commodity futures can amplify gains, but losses can be amplified as well. Be wary of high-pressure efforts to convince you to send or transfer cash immediately to the firm, via overnight delivery or the Internet.