I want to respond to the post here and defend myself against these allegations. First of all, I am not the director of sales for White Knight FX. I simply did some consulting work for this small FX firm. I am going to have my name removed form their website. Second, the NFA did have a case against me because I introduced a trader to one of my clients who sent them what turned out to be a false track record. I had not way of knowing it was false as I was decieved as well. The NFA entered a default decision because they did not have my correct address (I had moved) and I did not respond in time. After I had a chance to defend myself the NFA revered the default decision and I have the legal document from the NFA to prove this. The NFA was going after GFS forex for moving clients offshore and one of my clients was involved and that why I was involved. I have documents from the management of GFS forex that states that I did nothing wrong at all involving this ONE client. Not to mention that the NFA has rescinded their default decision against me.
I have learned that there are some fraudulent traders out there and it is very important to complete some detailed due diligence before allowing someone to trade your account. My advice is to only work with an FX trader that is a licensed CTA or has track records that have been audited.
Thanks Barry. One bad thing about the internet is that anyone can say anything about you true or false without repercussions....well we will see about the repercussions. It was sad because my situation with the NFA involved only ONE client who lost only 15K with the trader I mentioned AND she was even re-imbursed the 15K once we realized that the trader send all of us false track records. I have been writing articles on my blog (and my new website...coming soon) about this situation as a warning to other people, and how to react in these situations. I will also be posting letters that have been written by management of the firms I worked for that defends my character. There are several colleagues that are extremely upset about this as well. Cheers, Matt
