FSA Alert for Knowledge to Action Ltd

The UK Financial Services Authority (the UK government regulator) has issued an alert about Knowledge to Action saying they are not regulated and are targeting UK investors. This company also offer forex training courses.


http://www.fsa.gov.uk/pages/Doing/Re.../knowledge.pdf

I got a mail from these offering for me to attend a free seminar and luckily got a warning from another educator before going, people have been finding out they bought £3k courses of these guys in the seminars that they didn't even know about.

These people are now also in Australia and I unfortunately did go to their seminars. The basic swing programme has consistently lost pips since I did the course. Simply cannot make money with it and if traded it live I'd have lost thousands.

The first seminar is really designed to up sell to other seminars which fortunately I did not do.

I simply cannot understand why regulators allow this type of thing. They of course have the old chestnut past performance doesn't guarantee future results but frankly at the time we were being sold the programme the results were failing. Taking results from the past instead of using current results because current results are no good shouldn't be excused by motherhood statements - its just plain misleading. From my experience people should stay well away from this programme.