Peter Brandt – Factor Trading
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Made for serious traders, the Factor Trading Service provides expert reporting, chart analysis and commentary from veteran trader, Peter L. Brandt.
Peter Brandt – Factor Trading
1w ago
It’s time for the CFTC/SEC/FTC and state attorneys general to do their jobs
In recent years there has been an explosion of “fraudulent” Prop Trading firms (herein, “Sham Shops”). I define how I use the term “fraudulent” herein.
A new Sham Shop seems to be popping up weekly — I estimate that Sham Shops domiciled in the U.S. are raking in at least $50,000,000 per month (yes, that’s million) out of the pockets of wannabee futures market traders.
I intentionally use the word “fraudulent” because these firms are nothing like the traditional/historical structure of real proprietary trading op ..read more