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  • #32,761
  • Edited 4:43am Mar 8, 2024 2:43am | Edited 4:43am
Quoting Takisd
{quote} maybe. Investigator is low hanging fruit though. He could be reprimanded to please the judge.
Take it from someone who worked for the Government for over 15 years a reprimand means nothing. Heck, some offices consider it a badge of honor. This is why our system is so corrupt.
  • #32,762
  • Mar 8, 2024 2:46am Mar 8, 2024 2:46am
Quoting woody70
{quote} Take it for someone who worked for the Government for over 15 years a reprimand means nothing. Heck, some offices consider it a badge of honor. This is why our system is so corrupt.
yes I am connected to gov people. I understand the situation. There are some variables in this case I prefer not to get into, something will happen the question will remain what.
  • #32,763
  • Mar 8, 2024 4:26am Mar 8, 2024 4:26am
Quoting Nvrmd
Hey all, I am interested in looking into funded accounts but have no clue where to start. People here seem to be up to date and knowlegdeable about the current prof firm environment. Can some of you recommend a few decent and most of all safe prof firms with potentially even good offers I should look into. I am living in the EU and would be interested in some of the bigger account options. Also I do intend to hold trades overnight and only make a couple of trades per week until I meet a certain account grow target. If you can share other in depth...
Hi, seems FTMO and FXIFY. If you want HFT then Kortana pay usually 24-72 hours, Nova too although delayed at present
  • #32,764
  • Mar 8, 2024 5:31am Mar 8, 2024 5:31am
Hi, any traders here active and funded with CityTradersImperium? Received payouts promptly? Considering purchasing evaluation for purpose of intraday swing trading. Thanks
  • #32,765
  • Mar 8, 2024 5:46am Mar 8, 2024 5:46am
Quoting LaBoca
{quote} Are there any other extra charges for using the Quantower platform?
Some features require a license ($70/mo), but I still chart on MT4. Only use quantower for order entry and copy trading. Costs me nothing.
  • #32,766
  • Mar 8, 2024 5:58am Mar 8, 2024 5:58am
Quoting DwnUndrTrdr
Hi, any traders here active and funded with CityTradersImperium? Received payouts promptly? Considering purchasing evaluation for purpose of intraday swing trading. Thanks
I had a funded there. Pretty normal spreads, commissions and execution.
Payout (and refund) had somes bumps to setup but nothing unusual.

I didn't like them because to receive the funded credentials we are obliged to fill in a form and produce a short video of our impressions during challenge phase, which can be used in social media (and there is no way to opt out from that in the form, only contacting afterwards customer service). We also have to tell them which other props we use which is none of their business.

However, they are in the market for a long time and they don't seem to have any claims of unpaid payouts.
  • #32,767
  • Mar 8, 2024 6:03am Mar 8, 2024 6:03am
Quoting tradeoracle
{quote} Hi, seems FTMO and FXIFY. If you want HFT then Kortana pay usually 24-72 hours, Nova too although delayed at present
Hello Traderoracle;

I trust you are well.

Trader TakisD normally replies to first post such as yours with the comment, "Interesting 1st post" but I think with all the current turbulence he may have not gotten around to this "normal" reply.

I noted that your second post also has a favourable slant toward the same HFT Prop.

Could you kindly confirm for the record whether you have any sort of affiliate association with the company concerned?

I beg your pardon for asking but it is vital to ventilate the matter openly.

After all, your profile was created soon after one of the Traders on this thread asked about Kortana.

Thanking you in advance.
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #32,768
  • Mar 8, 2024 6:21am Mar 8, 2024 6:21am
Quoting Takisd
{quote} despite admitting the mistake in its substance, the investigator committed perjury during the PI hearing. At the very least he is going to be in trouble occupationally. They rehearsed a response for the hearing that both the prosecutor and investigator knew wasn’t true. They knew before the complaint was filed that it wasn’t true. This is a new fact for the judge despite the judge knowing that this fact was omitted he didn’t know since when.
The four grounds for the sanctions are pretty small fry (perhaps less so the incorrect naming of the tax millions). An overzealous lawyer during deposition? Grasping at straws with that one and the interview one is even worse.

More importantly, they're not really material to he accusations at hand.

1) Were MFF misleading / fraudulent?
2) Did their business activities amount to being an RFED and other relevant securities law?

That's what we need to find out. Well, I care less about 1) than 2)

Interestingly both sides are keen to settle (which won't really leave us with the legal clarity we want), but MFF rejected the CFTC's unknown offer (as I'm sure you know from reading the relevant email exchanges).
  • #32,769
  • Mar 8, 2024 6:44am Mar 8, 2024 6:44am
Quoting PropDude1234
{quote}The four grounds for the sanctions are pretty small fry (perhaps less so the incorrect naming of the tax millions). An overzealous lawyer during deposition? Grasping at straws with that one and the interview one is even worse. More importantly, they're not really material to he accusations at hand. 1) Were MFF misleading / fraudulent? 2) Did their business activities amount to being an RFED and other relevant securities law? That's what we need to find out. Well, I care less about 1) than 2) Interestingly both sides are keen to settle (which...
lying under oath isn’t a small fry thing. Infront of the judge whilst sworn in.
  • #32,770
  • Mar 8, 2024 6:49am Mar 8, 2024 6:49am
Quoting woody70
{quote} Take it from someone who worked for the Government for over 15 years a reprimand means nothing. Heck, some offices consider it a badge of honor. This is why our system is so corrupt.
Hi Woody,

That is actually how it is played out. Government is a giant frat house/romper room of sorts. No accountability.
  • #32,771
  • Mar 8, 2024 6:54am Mar 8, 2024 6:54am
Quoting Takisd
{quote} lying under oath isn’t a small fry thing. Infront of the judge whilst sworn in.
Exactly and if the defense hammers it, the judge has to acknowledge it, otherwise sets up a case for appeal(s).
Trade with confidence, trade without fear.
  • #32,772
  • Mar 8, 2024 6:59am Mar 8, 2024 6:59am
Quoting PropDude1234
Interestingly both sides are keen to settle

Indeed, exactly so. As a few of us here have been saying for months now, out-of-court settlement was always the likeliest outcome.

It still is.
  • #32,773
  • Mar 8, 2024 7:26am Mar 8, 2024 7:26am
Quoting acetrader
{quote} Hi Woody, That is actually how it is played out. Government is a giant frat house/romper room of sorts. No accountability.
Exactly and I'm sure there will be none here.
  • #32,774
  • Mar 8, 2024 7:59am Mar 8, 2024 7:59am
During the entire time MFF has been shuttered, blatant nefarious exchanges have been doing much worse to clients then what MFF had been accused of.
Trade with confidence, trade without fear.
  • #32,775
  • Mar 8, 2024 8:38am Mar 8, 2024 8:38am
The court ordered asset freeze & shutdown never would have been approved without the original lie that there was an urgent need because here is proof that the owner is currently embezzling funds. He just recently transferred 31M to his personal accounts, and BTW he also has one of those evil personal crypto wallets too (which was another lie to the court).

There are >100 props operating under the same business model & >10 acting as their own broker. If the CFTC had a problem with fraud/questionable RFED activity... MFF should still be in business until the CFTC wins their case in court and then they get a court ordered shutdown after there is a guilty verdict against MFF.
  • #32,776
  • Mar 8, 2024 8:50am Mar 8, 2024 8:50am
Quoting CableJ
The court ordered asset freeze & shutdown never would have been approved without the original lie that there was an urgent need because here is proof that the owner is currently embezzling funds and just recently transferred 31M to his personal accounts, and BTW he also has one of those evil personal crypto wallets too (which was another lie to the court). There are >100 props operating under the same business model & >10 acting as their own broker. If the CFTC had a problem with fraud/questionable RFED activity... MFF should still be in business...
That is actually right. The judge in these cases & in any case can only go by what is presented to them. When it is discovered that a lie or misleading information has been presented then the judge should deal with those presenting that information with a heavy hand of justice, but that rarely will happen especially if its the government presenting that false information. No accountability.
  • #32,777
  • Mar 8, 2024 8:57am Mar 8, 2024 8:57am
Quoting CableJ
The court ordered asset freeze & shutdown never would have been approved without the original lie that there was an urgent need because here is proof that the owner is currently embezzling funds and just recently transferred 31M to his personal accounts, and BTW he also has one of those evil personal crypto wallets too (which was another lie to the court). There are >100 props operating under the same business model & >10 acting as their own broker. If the CFTC had a problem with fraud/questionable RFED activity... MFF should still be in business...
Absolutely correct. The now proven false accusations are what triggered the action in the first place. The 100+ props mentioned in your post......how many are blatanly not paying? banning traders? 25-30%. These are things we never concerned ourselves with at MFF.
Their action has hurt more folks.........MFF and it's employees, ALL of us who were funded and making money and MOST IMPORTANTLY.....all of the customers who are now with that 25% group being blatanly scammed due to MFF not being an option, they were forced to go elsewhwere.
It is indeed a complete romper room....do what you want, take action on who you want, because hey, we're the US government and we are not accountable for ANYTHING.
I am not even mentioing the market making scum bucket shops that are supposedly "regulated" under their "watchful" eye.
This has benefited no one at all just as the entire agency benefits no one at all.....well other than the interests it is designed to benefit.
Once again, when you look at all of the facts and apply just a tiny, tiny bit of common sense....it is so abunduntly clear what their sole purpose is. If you cannot, once again, you are either blind,ignorant or simply supportive of their agenda
  • #32,778
  • Mar 8, 2024 9:24am Mar 8, 2024 9:24am
The CFTC also talked to zero customers & presented zero CFTC consumer complaints against MFF.
  • #32,779
  • Mar 8, 2024 9:36am Mar 8, 2024 9:36am
Its kind of weird but every time I get an email from Funded Trader I also get an email with almost identical wording from Skilled.... are they same internally?
Drawdown is more important than Account Size !
  • #32,780
  • Mar 8, 2024 9:45am Mar 8, 2024 9:45am
Quoting CableJ
The CFTC also talked to zero customers & presented zero CFTC consumer complaints against MFF.
Amazing, when you think about that.
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