Thursday, November 25, 2010
Tuesday, November 23, 2010
Soros Gold Bubble Expanding as ETPs Hold 9 Years of U.S. Output
Soros Gold Bubble Expanding as ETPs Hold 9 Years of U.S. Output
Rothschild bolsters gold shelter in 'fragile' and 'unbalanced' times
Tuesday, November 2, 2010
QE2 risks currency wars and the end of dollar hegemony
Sunday, October 31, 2010
Pimco – Run Turkey Run
http://www.pimco.com/Pages/RunTurkeyRun.aspx#
- The Fed's announcement of a renewed commitment to Quantitative Easing has been well telegraphed and the market's reaction is likely to be subdued.
- We are in a "liquidity trap," where interest rates or trillions in asset purchases may not stimulate borrowing or lending because consumer demand is just not there.
- The Fed's announcement will likely signify the end of a great 30-year bull market in bonds and the necessity for bond managers and, yes, equity managers to adjust to a new environment.
Thursday, October 28, 2010
NFA calls IKON on failure to maintain MetaTrader
The Complaint alleged that IKON engaged in certain price slippage practices on the MetaTrader platform that were favorable to IKON and caused disadvantageous trading conditions for certain customers. The Complaint also charged that IKON failed to supervise the MetaTrader platform used for their forex business, and failed to supervise the firm's operations.
NFA orders $459,000 monetary sanction against New Jersey forex firm Gain Capital Group LLC
October 28, Chicago - National Futures Association (NFA) has ordered Gain Capital Group LLC (Gain), a forex dealer member located in Bedminster, New Jersey, to pay a $459,000 fine as a result of an NFA Complaint issued and a settlement offer submitted by Gain and its chief executive officer, Glenn H. Stevens.
NFA's Business Conduct Committee alleged that Gain engaged in abusive margin, liquidation and price slippage practices that benefited Gain to the detriment of its customers. The Committee also alleged that Gain failed to maintain records for certain unfilled orders, failed to adequately review the activities and promotional material of the firm's unregistered solicitors, and failed to supervise the firm's operations.
In addition to the fine amount, Gain must also provide appropriate refunds to its customers as a result of these detrimental margin, liquidation and asymmetrical slippage practices.
Gain and Stevens neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFA's website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.
Tuesday, October 26, 2010
Voters can only vote for Harry Reid
http://www.fox5vegas.com/news/25511115/detail.html
LAS VEGAS -- Some voters in Boulder City said they are concerned about fraud at the electronic ballot box.
Voter Joyce Ferrara said when they went to vote for Republican Sharron Angle, her Democratic opponent, Sen. Harry Reid's name was already checked.
Ferrara said she wasn't alone in her voting experience. She said her husband and several others voting at the same time all had the same thing happen.
"Something's not right," Ferrara said. "One person that's a fluke. Two, that's strange. But several within a five minute period of time -- that's wrong."
Monday, October 25, 2010
Germany Accuses US of Indirectly Manipulating Dollar
http://www.cnbc.com/id/39808247
German Economy Minister Rainer Bruederle on Saturday took issue with what he called a U.S. policy of increasing liquidity, saying it indirectly manipulated exchange rates.
Saturday, October 23, 2010
Tuesday, October 19, 2010
NFA issues investor alert
http://www.nfa.futures.org/NFA-investor-information/investor-newsletter/index.HTML
NFA issues investor alert regarding new forex rules
On October 18, NFA issued an investor alert outlining the impact of new rules issued by the Commodity Futures Trading Commission on consumers investing in the off-exchange foreign currency (forex) markets. The rules require, with certain exceptions, any firm acting as a counterparty to certain retail forex transactions to register with the CFTC as a Retail Foreign Exchange Dealer (RFED) or Futures Commission Merchant (FCM). In addition, the rules require, with certain exceptions, any individual acting as a forex solicitor, account manager or pool operator to register as Introducing Brokers (IBs), Commodity Trading Advisors (CTAs) or Commodity Pool Operators (CPOs) or as an associated person of one of these entities and become Members of NFA.
"We want to ensure that forex investors know that the entities they have previously been conducting business with are now required to be registered with the CFTC and be NFA Members," said Larry Dyekman, director of Communications and Education at NFA. "Investors can check the registration status of any forex firm through NFA's Background Affiliation Status Information Center, or BASIC, which is available free of charge on ourwebsite."
BASIC contains current and historical registration information concerning all current and former CFTC registrants, including name, business address and registration history. BASIC also provides information concerning disciplinary actions taken by NFA, the CFTC and all U.S. futures exchanges.
"If you are researching a firm, you should also conduct a background check of all the individuals listed as principals of the firm," said Dyekman. "Sometimes the firm will have no disciplinary history, but one or more of the principals may have been disciplined while working at other firms."
Read the full text of the forex investor alert.
FINRA warns investors about High Yield Investment Programs
The Financial Industry Regulatory Authority (FINRA) recently issued an investor alert warning investors about the risks of high yield investment programs (HYIPs). According to the alert, HYIPs are "unregistered investments created and touted by unlicensed individuals." People touting these products cite high, unsustainable rates of return with little or no risk.
FINRA's alert describes some of the more common practices scammers use to lure unsuspecting investors to invest in HYIPs. The alert also gives practical tips on how to spot HYIP scams and where to turn for help.