This company offers a managed fund:
[U]Boston Trading and Research[/U]
They don’t have any names on the website but i can tell you now its run by Craig Karlis.
If that name rings a bell its because he used to run Tradex Swiss AG, who were banned from the NFA after they lost $5million of client money while being investigated for practicing unlicensed.
If you compare the names on the BTR brochure with those on the Swiss Tradex site you will see the connection between the 2 companies. Now contrast this connection with a statement made by Mr. Karlis in a press release:
“there are absolutely no direct or indirect relationship between Tradex Swiss AG and Boston Trading and Research LLC.” - 29 August 2007. (Craig Karlis)
I’m sorry but it actually angers me that these people are deceiving people to stay in business. Someone I know is an IB for them and when he advertises their services he completely omits the fact that BTR used to be Tradex. The worst part is no one is aware of this connection and as a result, BTR has managed to raise a large amount of capital, currently in their fund, without even being NFA approved. They claim to be getting NFA approved sometime soon, but I don’t see that happening legitimately.
So be warned.