Please find below few stories worth reading (Chicago, Ill. introducing broker Fortune Trading Group, Inc, Telegram ICO, pump-and-dump classic story and the latest from Information Commissioner Office):
- NFA permanently bars Chicago, Ill. introducing broker Fortune Trading Group, Inc. from membership, bars its principal and associated person Jonathan Schuler from membership for five years, and orders Chicago, Ill. futures commission merchant Ironbeam, Inc. to pay a $100,000 fine – if you will read the full story (please find attached a link), you will understand that even if regulated entity promise you large profits, you should be skeptical. Moreover, if someone offers you large profits without mentioning the other scenarios, just stay away from the offer. Simple as that!!!
- Fake Website Scam Targets Aspiring Telegram ICO Investors – it is important to be aware that some fraudsters are using the Telegram ICO hypes to make quick profits.
- What is pump-and-dump? well, the attached story will provide an answer (it is a classic pump-and-dump case). You should really be careful with those Microcap Stocks trading. Microcap Stocks can be easily maneuver, and statscally they are more exposed to pump-and-dump schemes.
- ICO is also UK Information Commissioner Office initials. You should know that you can report about nuisance calls or any other issues related to your Data Protection.
You can review their Enforcement action on the attached link, and more about them in general in the attached link.
Please find an example for their latest Enforcement action:
Firm previously fined for making nuisance calls is prosecuted for continuing to break the law:
Direct Choice Home Improvements Limited had been fined £50,000 by the ICO in 2016 and was also issued with a formal Enforcement Notice, ordering it to cease contacting people registered with the Telephone Preference Service.
It continued to make unsolicited marketing calls, however, and so was prosecuted under the ICO’s criminal enforcement powers.