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Pro Trading Course LLC , Richard Regan, defunct

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Pro Trading Course LLC , Richard Regan, defunct

In light of PFGBest. A trading education/prop trading firm , former vendor site, caught and charged as a fraud and scam. This guy was featured in the media from the CME floor on CNBC, etc. Got this in email newsletter from forum topic.

"Some Sobering Stats
I thought I'd share this.. some sobering stats on success in the futures industry.


My approximate summary -- read the report for particulars.

Pro Trading/Regan brought in nearly a million dollars

Regan traded on a simulator -- never placing real traders.
None of his nearly 130 traders advanced above level 1
None of PTC's commodity traders a net profit of at least 2k (required to advance to level 2)
Between 2009 and 2010 the 36 commodity futures sub accounts traded lost 78,557 and no sub account earned a net profit

Cumulative net profits of the best traders were only between $13 and $200"
Site used to be

Some Sobering Stats - Traders Laboratory - 13658
Forums - Richard Regan - Pro Trading Course
Illinois Federal Court Orders Richard C. Regan and Pro Trading Course, LLC to Pay $600,000 Restitution and Civil Monetary Penalties | Securities Enforcement Blog

Richard Regan's Real-Time Pro Trading Course on Vimeo

Attached Thumbnails
Pro Trading Course LLC , Richard Regan, defunct-enfprotradingcomplaint120711.pdf  

Last edited by Cloudy; July 18th, 2012 at 10:11 PM.
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