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As a recipient of this same letter, I'd like to say that I find the letter to be misleading in light of the above link regarding the actual person who "found" the data. Perhaps I am missing something but I imagine the researcher found the data being sold for distribution rather than simply finding the flaw in the IT company's data infrastructure.
If I'm right (and I do not truly know if I am), then AMP's letter should warn us that our information is in the wild and encourage us to take precautions. This is the standard practice....for a reason. Failure to do so exposes AMP to liability if AMP knows the data is in the wild fails to alert the affected customers.
Instead, the letter tells us that the data is encrypted without telling us how the information was obtained by the researcher. This leaves the impression that all is still secure and that there was no breach or that no sensitive information was let into the wild....which is false unless I'm seriously misunderstanding what happened. I have not had time to parse all the language but I do not think I am misunderstanding anything.
If I am just wrong or stupid, please correct me. And I strongly apologize if I am.
Can you help answer these questions from other members on NexusFi?
I have with other brokers in the USA trading accounts. After seeing the rates of AMP and the possibility of trading not only futures but options as well, I tried to open an account.
Since I will be in Chicago shortly I wanted to see them at their offices. My request was neglected all the time but I was questioned with all sorts of questions with automated emails. I did answer all of them and finally had "my" broker with his email adress. Again I requested to meet personally, I always like to see the people I am going to work with, plus the fact that I wanted to transfer an substantial amount to their account.
I never heard again. I checked my spam folder, nothing , I have written again, maybe my mail was lost. No answer. I guess the answer, at least for me is simple. Avoid them at all means.
t is unfortunate you could not see them. However, I visited their office a number of times and they always welcomed me. Granted, I am their IB, but at the same time, they never refused a visit. I am in Chicago quite often, and would be more than happy to assist you with a visit to see their staff and operation which is beyond one single broker.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
After my post it did not take long and I was mailed by a representative of AMP apologizing of what has happened. Because of the speed of their answer (finally ) I do accept their apologize and definite will give AMP a second chance.
lets forget what has happened , things can only improve....
Can someone shed a light on what happened with AMP Futures? As of today, 27 Aug 2017, going to their website, at wwwdotampfuturesdotcom says "The account has been suspended."
If something goes under there is allways a message about the situation and instructions how to continue.
99.9% sure this is an internet service provider glitch (hosting) BUT quite embarrassed anyway and gives a bit odd picture about the way they are doing their web presence.
---
Anyway this is a very good point to remember the serious problems can happen anytime and this is why I withdraw profits frequently (monthly) and will keep only the margin requirements (+ trading buffer for balance fluctuations [-10R]) in the account. So when the day comes and the hammer will hit the damage will be minimized.
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results,
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
