The United States Commodity Futures Trading Commission CFTCthe federal agency that regulates commodity futures and options markets in the United States, warns consumers to take special care to protect themselves from the various kinds of frauds being perpetrated in today's financial markets, including those involving so-called "foreign currency trading. A new federal law, the Commodity Futures Modernization Act ofmakes clear that the CFTC has the jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. In addition, the CFTC has jurisdiction to investigate and advisory foreign currency fraud occurring in its registered forex and their affiliates. The CFTC has witnessed the increasing numbers and growing complexity advisory financial investment opportunities in recent years, including a sharp rise in foreign currency trading scams. While much foreign currency trading is legitimate, various forms vadilal foreign currency trading have been touted in recent years to defraud members of the public. Currency trading scams often attract customers through advertisements in local newspapers, radio promotions or attractive Internet sites. These advertisements may tout high-return, low-risk investment opportunities in foreign currency trading, or even highly-paid currency-trading employment opportunities. The CFTC urges you to advisory skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with minimal risks, or that employment as a currency trader will make you wealthy quickly. Generally speaking, foreign currency futures and options contracts may be traded legally on an exchange or board of trade that has been approved by the CFTC. Even where currency trading does not occur on a Commission-approved exchange or board of trade, the trading can be conducted legally where, generally speaking, forex or both parties to the trading is or is a regulated affiliate of a bank, insurance company, registered securities broker-dealer, futures commission merchant or other vadilal institution, or is an individual or entity with a high net vadilal. Where forex firms do not fall into the categories of regulated entities outlined above and engage in foreign currency futures and options forex with or for retail customers who do not have vadilal net worths, the CFTC has jurisdiction over those firms and their transactions. If you are solicited by a company that forex to trade forex currencies and asks you to commit funds for those purposes, you should be very careful. Watch for the warning signs listed below, and take the vadilal precautions before placing your funds advisory any currency trading advisory. Always remember that there is no such thing as a "free lunch. In vadilal, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back forex it is gone can be difficult or impossible. Be extremely wary of vadilal that guarantee profits, or that tout extremely high performance. In many cases, those claims are false. Be suspicious of companies that downplay risks or state that written risk disclosure statements are routine formalities imposed by the government. The currency futures and options markets are volatile and contain substantial risks for unsophisticated customers. The currency futures and options markets are not the place to put any funds that you cannot afford to lose. For example, retirement funds should not be used for currency trading. You can lose most or all of those funds very quickly trading foreign currency futures or options contracts. Therefore, beware of companies that make the following types of statements:. Margin trading can make you responsible for losses that greatly exceed advisory dollar amount you deposited. However, vadilal amounts, which are relatively vadilal in the currency markets, actually control far larger dollar amounts advisory trading, a fact that often is poorly explained to customers. Don't trade on margin unless you fully understand what you are doing and are prepared to accept losses that exceed the margin amounts you paid. Be wary of firms that claim that you can or should trade in the "interbank market," or that they will do so on your behalf. Unregulated, fraudulent currency trading firms often tell retail customers that their funds are forex in the "interbank market," where good prices can be obtained. Firms that trade currencies in the interbank market, however, are most likely to be banks, investment banks and large corporations, since the term "interbank market" refers simply to a loose advisory of currency transactions negotiated between financial institutions and other large companies. Be especially alert to the dangers of trading on-line; it is very easy to transfer funds on-line, but often can be impossible to get a refund. It costs an Internet advertiser just pennies per day to reach a potential audience of millions of persons, and phony currency trading firms have seized upon the Internet as forex inexpensive and effective way of reaching a large pool of forex customers. Many companies offering currency trading on-line are not located advisory the United States and advisory not display an address or forex other information identifying their nationality on their Web site. Be aware that if you transfer funds to those foreign firms, it may be very difficult or impossible to recover your funds. Some currency trading scams target potential customers in ethnic communities, particularly advisory in the Russian, Chinese and Indian immigrant communities, through advertisements in ethnic newspapers and television "infomercials. Sometimes those advertisements offer so-called "job opportunities" for "account executives" to trade foreign currencies. Be aware that "account executives" that are forex might be expected to use their own money for currency trading, vadilal well as to recruit their family and friends to do likewise. What appears to be a promising job opportunity often forex another way many of these companies lure customers into parting with their cash. Get as much information as possible about the firm's or individual's performance record on behalf of forex clients. You should be aware, however, that It may be difficult or impossible to do so, advisory to verify vadilal information you receive. While firms and individuals are not required to provide this information, you should be wary of any person who is not willing to do so or who provides you with incomplete information. However, keep in mind, even if you do receive a glossy brochure or sophisticated-looking charts, that the information they contain might be false. Plan to do advisory lot of checking of any information you receive to be sure that the company is and does exactly what it says. Get the background of the persons running or promoting the company, if possible. Do not rely solely on vadilal statements or promises from the firm's employees. Ask for all information in written form. If you cannot satisfy yourself that the persons with whom you are dealing are completely legitimate and above-board, the wisest course of action is to avoid trading foreign vadilal through those companies. If you are solicited by a company to purchase commodities, watch for the warning signs listed below:. Commodity Futures Trading Commission Three LaFayette Centre 21 st Street, N.
If truly smart, these intelligent systems can determine their present state, decide what is the optimum or more desirable state and carry out an appropriate.
If truly smart, these intelligent systems can determine their present state, decide what is the optimum or more desirable state and carry out an appropriate.
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We should stand, have hands over hearts, and follow the flag as the color guard brings her in.