Promises Of Making Millions From A New DInar Dealer LOL

http://vimeo.com/70414905

I will bet you ANY MONEY that is a Guru that decided to get in on the action and start his own currency selling.  What do all of you  think?

Currency sales are not subject to the SEC. It's not considered a securities product as opposed to say currency futures which are. As near as I can tell you just have to be registered as a currency dealer by the UST.

currency sales is not an investment because most people buy currency to go on trips or because they are moving, however when you market something as being an investment it is most definatley an investment. also, the guy sells options, an option is the definition of a security which is an investment. this is exactly why that BH group was indicted. There thing from my understanding had more to do with selling a hedge fund which didn't exist but i read the indictment and they did mention marketing currency as an investment and promising returns as some of the charges.

Selling options, futures, etc. is as I indicated a different thing. Hedge funds are also investment products and as such considered securities products and as such are subject to SEC regulations and for the dealer, licensing. This is actually an area I am very versed with as an insurance agent who also works with financial advisers. I have to be very aware of the boundaries and be careful not to cross over them, even accidentally. For instance, even if a person wants to buy an insurance product such as for instance, a life insurance policy, if the funding is from a securities product, to stay within the guidelines, I have to bring in a FA to handle that end. The rules are very, very strict.

The majority of currency dealers however, do not offer those sorts of products, and so are not subject to SEC regulation. Actual currency itself even if purchased as an investment, is not considered a securities product. In part ,that is because it is not subject to the same volatility, and potential for loss that are typical of stocks, bonds, and related products.

The SEC need to introduce him to Baba Madorf  

Livingintheloop -- thanks for that information about the ebay seller turned dealer ... interesting indeed.

I always wonder what incentive the gurus have. I mean somme of these guys put in serious time with their schemes. That TNT not sure if he still does but used to have like 3 confrence calls a week running several hours each as well as all the forums and blogs he posts on. There has to be something in it for them to spent the time and energy doing this. Not sure if they are dealers or are linked up with dealers or what

He has more now.... seems like every night .  And yes, some are dealers, some are working with dealers and linked up with dealers.