Forex Price Action Setups 2ndSkiesForex

pboyles

Legendary member
8,072 1,303
Hello Traders,

I hadn't gotten a response from Trade2Win in sometime so was surprised to find one in my email box, but I got an email today about responses in this thread.

I stopped posting in here because T2W stopped approving my posts. I contacted the admin to ask why, but got no response. They emailed me recently asking me to re-join, but I felt like if they weren't going to accept my articles/content - then why should I continue?

In regards to this statement above from pboyles, first off - my managed program isn't a 'scheme'. If you read the website for our managed program, we have no access to client funds whatsoever. All funds are parked with the broker directly and never even pass through our hands. We are simply given LPOA level 1 access, which means only permission to trade - and zero access to client acct info, funds, etc. We have no interest in holding client funds as that would require a completely different structure, incorporation and framework. We simply just want to trade.

And as to being 'regulated', if you actually follow the managed fund regulations world, any area/sovereign you are regulated with limits you to clients in that area. So getting regulated in the EU only means I can take clients from the EU. I'd have to get a separate registration from the NFA for the US, FSA for the UK, ASIC in Australia, CSA in Canada, and so on.

If you have any idea of the legal capital/time/energy it would take for us to be regulated in all these areas, then you'd understand unless we are a 9 figure fund, there would be no need/point for us to do so.

We manage funds for two private family offices, and their CIO audits our trading yearly as per the family office requirements. We are not required by law to be regulated to trade their capital, so it seems there are a lot of assumptions about us and our 'scheme'.

If you have evidence of such tomfoolery by us, then please present it here. But to make accusations, claims or negative statements/assumptions about us, with no information, or understanding of our fund seems ill-placed and inappropriate.

As to posting here in the future, should T2W allow me to post articles and content again, then I will certainly reconsider this.

Kind Regards,
Chris Capre

Are you sure you want to go down this route? Asking for proof of tomfoolery on your part is tempting fate is it not? I mean for the start there's the episode with Gain Capital where you were soliciting money without being registered.


http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=2461
 

Giovan

Active member
163 7
Here's a good example of what happens with an unregulated managed account.

http://www.trade2win.com/boards/educational-resources/145668-prophetmax-senen-pousa-any-info.html

Now lets see,

1. Unregulated, check
2. Money sent to a broker and 'managed' remotely, check
3. Ridiculous claims about profitability, check
4. Background in other dubious schemes, check

Looks like you pretty much fit the bill.

Pboyles....What's the deal with the link?
A few questions:
1) did he solicit money from you?
2) have you watched any of his videos and seen him claim any
of the above?
Gio
 

Steve

Well-known member
437 108
Hello Traders,

I hadn't gotten a response from Trade2Win in sometime so was surprised to find one in my email box, but I got an email today about responses in this thread.

I stopped posting in here because T2W stopped approving my posts. I contacted the admin to ask why, but got no response. They emailed me recently asking me to re-join, but I felt like if they weren't going to accept my articles/content - then why should I continue?


In regards to this statement above from pboyles, first off - my managed program isn't a 'scheme'. If you read the website for our managed program, we have no access to client funds whatsoever. All funds are parked with the broker directly and never even pass through our hands. We are simply given LPOA level 1 access, which means only permission to trade - and zero access to client acct info, funds, etc. We have no interest in holding client funds as that would require a completely different structure, incorporation and framework. We simply just want to trade.

And as to being 'regulated', if you actually follow the managed fund regulations world, any area/sovereign you are regulated with limits you to clients in that area. So getting regulated in the EU only means I can take clients from the EU. I'd have to get a separate registration from the NFA for the US, FSA for the UK, ASIC in Australia, CSA in Canada, and so on.

If you have any idea of the legal capital/time/energy it would take for us to be regulated in all these areas, then you'd understand unless we are a 9 figure fund, there would be no need/point for us to do so.

We manage funds for two private family offices, and their CIO audits our trading yearly as per the family office requirements. We are not required by law to be regulated to trade their capital, so it seems there are a lot of assumptions about us and our 'scheme'.

If you have evidence of such tomfoolery by us, then please present it here. But to make accusations, claims or negative statements/assumptions about us, with no information, or understanding of our fund seems ill-placed and inappropriate.

As to posting here in the future, should T2W allow me to post articles and content again, then I will certainly reconsider this.

Kind Regards,
Chris Capre

Mr Capre

Please send me a copy of the email you state you received from T2W asking you to rejoin.

Steve
 

2ndSkiesForex

Newbie
9 1
Mr Capre

Please send me a copy of the email you state you received from T2W asking you to rejoin.

Steve

Hello Steve,

Thank you for posting my prior communication.

As to the email from T2W, from my memory, I think it was an automated email and didn't save it.

As to the statements from pboyles;
It should be noted the nfa has never taken any action against WK. This is because when they looked into it, they found out we had no clients in the US, nor any with Gain. The head of WK had two conversations with their lawyers, and after that they left it alone as it was a non-starter for them.

When we signed up with Gain in late 08', we had no clients in the US, only outside. We never got any with Gain because the regulatory environment was changing too fast, especially with Dodd-Frank coming in.

As to 'soliciting' clients, we didn't solicit any in the US. We wanted to be outside the US, so were only looking outside. We had a disclaimer on the site, but we forgot to state that we don't solicit US clients. The nfa asked us to change the language in our website, and we did in less than 24hrs.

As to the reports of 'past performance' which was all before Gain, we were trading with a mirror trader platform prior. The reporting features on there were sub-standard, but we presented all trading activity from our saved logs. They asked for more, but unfortunately there was none as that is how they (reports) were generated via the platform. Being no longer with that broker, there was nothing we could submit other than the trading reports we had.

It should be noted, if they (nfa) had proof of us being outside the lines, they would have pursued legal action. But they never did, and I'm guessing we would have had more than two conversations with their lawyers if we were out of alignment.

As to WK having 'website problems', I left in 2010, and they closed months after from what I remember.

So hopefully this clarifies things a bit, which seem to be misunderstood.

Kind Regards,
Chris
 
 
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