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  • #28,201
  • Jan 13, 2024 12:45am Jan 13, 2024 12:45am
Quoting CableJ
I will say this about MFF.... it's completely baffling why they decided to have their business split in 2 different regulatory jurisdictions. Now they are getting screwed by both the CFTC (US) & OSC (Canada).
OSC is a puppet of CFTC. OSC lawsuit against MFF is a backup plan. We saw that the US court unfroze most of the assets of MFF last November, but OSC immediately asked Canadian court to freeze MFF assets and the court agreed.
  • #28,202
  • Jan 13, 2024 2:17am Jan 13, 2024 2:17am
https://cointelegraph.com/news/sec-r...to-enforcement

Watch out for ground hog day.
  • #28,203
  • Jan 13, 2024 3:31am Jan 13, 2024 3:31am
Quoting CableJ
I will say this about MFF.... it's completely baffling why they decided to have their business split in 2 different regulatory jurisdictions. Now they are getting screwed by both the CFTC (US) & OSC (Canada).
But did they have anything in US or they were just in Canada, just like others are in Hungary UK or Israel ?
I thought they were just registered in Canada.
  • #28,204
  • Jan 13, 2024 3:35am Jan 13, 2024 3:35am
Quoting Takisd
https://cointelegraph.com/news/sec-r...to-enforcement Watch out for ground hog day.
Quote
Judge Robert Shelby, overseeing the SEC’s case against Debt Box, suggested the commission could face sanctions due to its inaccurate statements. According to the SEC, sanctions were not warranted as its staff didn’t engage “in any bad faith conduct”:

I would love to see, one day, someone from these agencies fired and behind bars. Not going to happen, but I dream about it. It would be the only way to keep them also accountable (not just the one they regulate).
  • #28,205
  • Jan 13, 2024 3:44am Jan 13, 2024 3:44am
Quoting Capablanca
{quote} {quote} I would love to see, one day, someone from these agencies fired and behind bars. Not going to happen, but I dream about it. It would be the only way to keep them also accountable (not just the one they regulate).
we will only ever know when we know. No poster, no twitter account no media agency will be able to tell us what will happen until it happens.

I am trying to build a house for owls on my property lately trying to get them to come, love the little devils. I'd rather do that type of thing than be a miserable sod on a forum trying to set a record straight when humanity has no interest in reality or truth.
  • #28,206
  • Jan 13, 2024 7:24am Jan 13, 2024 7:24am
Quoting PropDude1234
So they say. How do we know that for a fact? Seems odd to take what MFF say on face value about one thing when they've lied about other things.
-Did you ever trade with MFF?
  • #28,207
  • Jan 13, 2024 7:27am Jan 13, 2024 7:27am
Quoting Takisd
I'd rather do that type of thing than be a miserable sod on a forum trying to set a record straight when humanity has no interest in reality or truth.
-Some of us just feel like we do not want trolls taking over this thread. There are also members here that have a deeper interest in what is going on because it directly impacts us.
  • #28,208
  • Jan 13, 2024 7:50am Jan 13, 2024 7:50am
Quoting Nsak3y
{quote}-Some of us just feel like we do not want trolls taking over this thread. There are also members here that have a deeper interest in what is going on because it directly impacts us.
Unfortunately that requires people to take each other at face value. When clearly there are new agenda pushing individuals here. And with agenda in place there is no room for constructive conversation. At the very least basic knowledge of how the market functions would be nice. But it appears that even that is not possible in the conversations. Mean while the prop firm police is spreading false information to create more harm. Its all too conspiracy theory for me so I opt to just read what is public and form my own assumptions rather than sit here and preach what will happen.

Heres a piece of information that has been missed. The receivership hearing in Canada, the justice who made that decision, was a "stand in" justice and not the justice assigned to the case. But apparently the receivership ruling determines just how bad things are in canada? Why would people preaching miss that important fact? That the actual case itself would not be heard by the same justice who made that long wall of text response.

Funnily enough, there is still no filed investigation in canada, thats the next step, whether or not the OSC will actually file something?

But apparently its over for them in canada or something.

There are far too many moving parts for us - the public - to divulge, and that is why i say until it happens and is over nothing really is happening and it has neither swung for or against its just noise and chest puffing and people trying to get attention.

It is why the FTMO thing is really weird. Competent attorneys would see the facts and the facts are simply, no one knows so wait and see.
  • #28,209
  • Jan 13, 2024 8:06am Jan 13, 2024 8:06am
Quoting Takisd
{quote} Unfortunately that requires people to take each other at face value. When clearly there are new agenda pushing individuals here. And with agenda in place there is no room for constructive conversation. At the very least basic knowledge of how the market functions would be nice. But it appears that even that is not possible in the conversations. Mean while the prop firm police is spreading false information to create more harm. Its all too conspiracy theory for me so I opt to just read what is public and form my own assumptions rather than...
why do you think the prop firm police have agenda, he thinks he has one of very few who has access to information regarding court details and he is providing that information with HIS interpretation and opinions, i do not see conscious agenda there tbh. i think you are seeing intentions where it does not exist. the special case of Apophenia.
  • #28,210
  • Jan 13, 2024 8:42am Jan 13, 2024 8:42am
Quoting solarpower
{quote} why do you think the prop firm police have agenda, he thinks he has one of very few who has access to information regarding court details and he is providing that information with HIS interpretation and opinions, i do not see conscious agenda there tbh. i think you are seeing intentions where it does not exist. the special case of Apophenia.
The prop firm police on Twitter wants to get more attention and followers. But he doesn't have agenda in this thread, he probably never posts in this thread.

The people (or the same 'person') who have agenda in this thread are KarlKraus, Quickly, PropDude1234 . They are (or he is) connected with Futures props.
  • #28,211
  • Jan 13, 2024 8:55am Jan 13, 2024 8:55am
Quoting Takisd
But it appears that even that is not possible in the conversations.
-I get the impression that no matter what kind of commonsense-logic is presented in this thread, that there are some members that just want to ignore it and keep pushing the same thing, over and over again. It is really questionable.

Quoting Takisd
Mean while the prop firm police is spreading false information to create more harm. Its all too conspiracy theory for me so I opt to just read what is public and form my own assumptions rather than sit here and preach what will happen.
-No one can accurately predict what will happen. We can only speculate. Not much value in even doing that, but it's interesting to ponder. The matter of people spreading false information is a point that matters to me, not just because I feel that there is no place for it in this thread, but also because it misleads people and perpetuates close-minded ignorance.

Quoting Takisd
There are far too many moving parts for us - the public - to divulge, and that is why i say until it happens and is over nothing really is happening and it has neither swung for or against its just noise and chest puffing and people trying to get attention.
-It is not about that for me, personally. I believe that change is needed, and that can only happen if people are willing/able to have conversations to try to help to bring awareness to what is going on.
  • #28,212
  • Jan 13, 2024 9:29am Jan 13, 2024 9:29am
Quoting solarpower
{quote} why do you think the prop firm police have agenda, he thinks he has one of very few who has access to information regarding court details and he is providing that information with HIS interpretation and opinions, i do not see conscious agenda there tbh. i think you are seeing intentions where it does not exist. the special case of Apophenia.
Who are you talking about? There are at least 10 prop firm police right now? You seem to be talking about a specific person when I am not.
  • #28,213
  • Jan 13, 2024 9:33am Jan 13, 2024 9:33am
Quoting Takisd
{quote} Who are you talking about? There are at least 10 prop firm police right now? You seem to be talking about a specific person when I am not.
nevermind I see now you decided I am talking about one person and now that person decided to have an online tantrum.

English lesson for you both, police is a plural
  • #28,214
  • Jan 13, 2024 9:49am Jan 13, 2024 9:49am
Quoting Nsak3y
{quote}-I get the impression that no matter what kind of commonsense-logic is presented in this thread, that there are some members that just want to ignore it and keep pushing the same thing, over and over again. It is really questionable. {quote}-No one can accurately predict what will happen. We can only speculate. Not much value in even doing that, but it's interesting to ponder. The matter of people spreading false information is a point that matters to me, not just because I feel that there is no place for it in this thread, but also because...
If it was 2025 and not an election year in the US maybe something positive could come where a new framework existed. But doubt it and exemptions are not likely. I don’t have any active prop accounts anymore and do not intend on having any in the near term. I don’t advise people to use futures props either especially if someone’s experience is only MetaTrader props and demo accounts.

If we are to have faith that FTMO knows what it is doing, we should accept the sign.
  • #28,215
  • Jan 13, 2024 9:58am Jan 13, 2024 9:58am
Quoting Takisd
{quote} If it was 2025 and not an election year in the US maybe something positive could come where a new framework existed. But doubt it and exemptions are not likely. I don’t have any active prop accounts anymore and do not intend on having any in the near term. I don’t advise people to use futures props either especially if someone’s experience is only MetaTrader props and demo accounts. If we are to have faith that FTMO knows what it is doing, we should accept the sign.
why so cautious? isn't it safe to buy account from non-us firms not accepting us citizens, especially dubai ones? ftmo, fundedengineer.
  • #28,216
  • Jan 13, 2024 10:03am Jan 13, 2024 10:03am
Quoting solarpower
{quote} why so cautious? isn't it safe to buy account from non-us firms not accepting us citizens, especially dubai ones? ftmo, fundedengineer.
Are you going to screenshot it and send it to other people if I reply?

my perspective is that in the current environment it is not props you should be afraid of but vendors. If any vendor takes action it can completely collapse any company scam or not. It’s what happened with brokers so many years ago. We already see some trouble when stripe dumped props, so who knows what happens when whoever they are now using drops them. Or their banks stop them or MetaTrader
  • #28,217
  • Jan 13, 2024 10:27am Jan 13, 2024 10:27am
Quoting Takisd
{quote} Are you going to screenshot it and send it to other people if I reply? my perspective is that in the current environment it is not props you should be afraid of but vendors. If any vendor takes action it can completely collapse any company scam or not. It’s what happened with brokers so many years ago. We already see some trouble when stripe dumped props, so who knows what happens when whoever they are now using drops them. Or their banks stop them or MetaTrader
just for information, i saw tradernok post, he said someone sent him post from forexfactory, i guess you think that person as me. i do not have neither will nor time to do such things. i think tradernok is bored, follows thread himself.

is there good reason to believe vendor, banks, metatrader take action if there is no us customers?
  • #28,218
  • Jan 13, 2024 10:41am Jan 13, 2024 10:41am
Quoting solarpower
{quote} just for information, i saw tradernok post, he said someone sent him post from forexfactory, i guess you think that person as me. i do not have neither will nor time to do such things. i think tradernok is bored, follows thread himself. is there good reason to believe vendor, banks, metatrader take action if there is no us customers?
In the background props are struggling a bit with vendors. If the cases get any more aggressive or new cases appear a lot of them will decide it’s too risky and remove the business type. My guess is things about about to get more aggressive. Being a retired old man I prefer not to have skin in the game.
  • #28,219
  • Jan 13, 2024 10:49am Jan 13, 2024 10:49am
Quoting solarpower
is there good reason to believe vendor, banks, metatrader take action if there is no us customers?
-We have seen, already, certain vendors drop certain services, not as a result of US customer involvement, but as a result of any potential involvement with questionable activity. Often, we see these kind of wide-brush tactics resulting from very specific regulatory measures. I would argue that certain groups not only hope for that, but assist directly in cultivating that kind of climate.
  • #28,220
  • Jan 13, 2024 10:52am Jan 13, 2024 10:52am
Quoting Nsak3y
{quote}-Did you ever trade with MFF?
A long time ago and it seemed like pretty normal CFD execution to me. Not that I'd attach much weight to my experience as it's anecdotal.
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