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Lawsuit: AMP Futures Trading aka AMP Global Clearing
futures.io (formerly BMT) is a constant source of information, I am glad that this is still the case, and fairplay to you Mike standing up to this challenge.
Cementing the future development of trader information, for traders globally who use this site, its great news.
Even though I do not visit futures.io (formerly BMT) as much as I used to (not trading actively right now) I have to say I was delighted to read the post from Mike that the lawsuit had been thrown out.
It proves that David can beat Goliath and that reason can prevail. I will ever be grateful to Mike and his fellow members that gave me so much information and support in my early days trading and am happy that many more will continue to reap the benefits of such a great forum.
Well done Mike
All the best.
Never stop learning - never stop applying the knowledge.
While we're all glad of the outcome, lety's not forget how much it cost Big Mike. There's a link to making a donation at the first page of this thread. I'm making a donation NOW!
JD
I knew you would win -- for some reason part of me told me that you would win and you didn't have to worry about it!
Thank GOD the judge had INTEGRITY and knew that AMP was BSing. Can't believe AMP would kind of "stoop that low" really in a business that is all about the people - you know. It is not like they are in the Shipping business that is all about the boats and the containers. They are in the broker / people business and they kind of dis-respected a TON of people.
The CEO of AMP should publicly apologize to both Mike and ALL of futures.io (formerly BMT) for that dis-respect because they basically threatened with taking futures.io (formerly BMT) away from everyone here if there lawsuit would have been big enough. You know..
That is aggressive action and they were in the wrong -- so they have to admit that... come to terms with that .. learn from that and then publicly apologize to everyone here in futures.io (formerly BMT) for that.
Some will accept the apology ... some won't .. but everyone would respect the gesture (*as long as it is real of course) and it would be a step in the right direction. That is the correct way to run a business.
Also Mike -- I divided the 53,000 members by the 17,000 lawyer fee AND it just came out to 32 FREAKIN CENTS! Just 32 freakin cents if everyone gave just 32 cents right now... that would be done and over with. :O
You may have to start something like a small a kickstarter and everyone just gives 32 - 50 cents and in like 30 mins that would be over... Just talking out loud basically. You know.
Because the awesome programs already made by Fat Tails, Gomi, Cory, Resvat (*spelling) , vvhg -- are all worth ALLLLLLOOOOT More than some measly 32 cents.
You could also make it better - by maybe offering a small booklet/pdf telling something like your story as a trader and things you went thru as a trader with maybe the platforms that you use and why.. for new traders that are starting out -- they would definitely give 1 or 2 dollars.. maybe more.. You don't have to say your system just give some good tips for REALLY REALLY NEW traders. That would be worth at least a buck to the new traders for sure.
Do that Kickstarter style .. and I think this could be handled.
It's always heart warming to hear stories of the "small guy" winning against the "machine"...thank you for fighting the good fight and giving traders such an open and honest forum for sharing information! Thanks, Mike!!
To date there have been approximately ~200 contributors to the legal fund.
I also want to point out that a small number of those ~200 contributors have donated a large amount compared to the average. I believe the biggest was around $500 (I would need to check, but pretty sure). Excel is telling me the average is about $50.
AND it just came out to 32 FREAKIN CENTS! Just 32 freakin cents if everyone gave just 32 cents right now... that would be done and over with. :O
Just talking out loud basically. You know. 
