Curtis Arnold, a fairly well known person in the product market, was nailed for a $100,000 fine, prohibited from dealing for 3 years and prohibited from applying in the product market for life. What was his mistake? Arnold was the man behind the Design Possibility Program (“PPS”). This technique has some good points to it, however, Arnold created it appear to perform better than it actually did. The search phrases here are “hypothetical outcomes.” Anyone can create a dealing plan show amazing outcomes on paper, but dealing it in the actual world usually causes some dismaying failures. The CFTC is breaking down on dealing plan providers that use theoretical outcomes and try to create it look as if they actually created these profits dealing an actual account.
The Commodity Futures Trading Percentage (CFTC) declared today the issuance of the transaction recognizing offers of settlement from Curtis McNair Arnold and London, uk Financial, Inc. (LFI), both of Jupiter, California, in relationship with a issue registered by the CFTC on This summer 30, 1997 (see CFTC News Launch 4039-97, This summer 31, 1997). The CFTC purchase discovers that Arnold and LFI fraudulently solicited clients to purchase a product commodity dealing plan and other advisory solutions. Arnold and LFI agreed to the access of the transaction without acknowledging or doubting the results of the transaction or the accusations of the issue.
Specifically, the CFTC purchase discovers that since at least 1994, Arnold and LFI, while performing as product dealing consultants (CTAs), dedicated scams in the course of providing and selling to the public a product commodity dealing plan called the Design Possibility Strategy (PPS) and various advisory solutions providing the dealing alerts produced by PPS.
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