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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

  #341 (permalink)
 
AllSeeker's Avatar
 AllSeeker 
Mumbai, India
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matthew28 View Post
Neither am I, I live in the UK.
But they are a government agency with a mission statement that reads "The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation." They're not going to charge somebody without having done enough investigation for them to believe that they have a strong and valid case.

Yes, I googled that, thanks! Now I'm very interested in seeing where this goes. Have subbed the thread just for that

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  #342 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,646 since Jul 2012
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Note, in the comments section of the tradingschools.org article, a comment from Earn2Trade was posted on September 10th.

I have no idea if it is really a statement from Earn2Trade or not, but the comment claims it is:

"Statement on Allegations of Personal Wrongdoing by Former Co-Founder

September 2nd, 2020

On September 2nd, 2020 the CFTC charged the former co-founder of Earn2Trade, Ryan Masten of violating CFTC regulations on several counts. None of the alleged incidents took place during Ryan’s ownership of Earn2Trade, nor had they any connection to Earn2Trade. By April, 2019, Ryan was already a fractional minority shareholder in Earn2Trade, and on July 1st, 2020 his final shares were purchased and he was no longer a shareholder in the company.

Earn2Trade is saddened to hear of the allegations against its former co-founder.
Earn2Trade strongly rejects the alleged activities and rejects unregulated Binary
Options trading in its entirety. Despite the current allegations, Ryan’s tenure at
Earn2Trade was a successful one. He helped build a great company and we are
proud today of what we have accomplished.

Earn2Trade prides itself on providing an objective examination and an equal
opportunity for retail traders around the world to test themselves and become
professional futures traders. We stand by the outstanding work our company
does every day, and we remain committed to providing a fair environment for
retail traders to test themselves and enter the world of trading."

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  #343 (permalink)
 kirkvan 
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I'm also not a fan of tradingschools.org and was referring to the CFTC complaint, which is 37 pages of evidence. Yes, the defendants are "innocent until proven guilty" but I'm biased toward the CFTC given my own negative personal past experience with SignalPush.com.

  #344 (permalink)
 
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 matthew28 
United Kingdom
 
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kevinkdog View Post
Curious, what makes you not a big fan of tradingschools.org? I have generally found all their reviews to be accurate, although sometimes a bit hyperbolic. For any vendor out there, the first thing I look for is a review by Emmett.

Admittedly I haven't looked at his site for quite a while as I haven't been looking to purchase or sign up for anything and therefore not after reviews.
Perhaps because the futures vendor industry has such a poor reputation (current company excepted of course), when I had looked at his site a long time back almost every review was slamming the vendor and with review after review it become somewhat relentless.
But then the quality of the vendor's services is hardly his fault and it always appeared that he had done a lot of research. So in retrospect probably more a problem with me reading lots of reviews en masse rather than just on the odd occasion.

Obviously I have no comment about the accuracy of his analysis of the CFTC case, not having read the original CFTC charges document, but as I inferred in my earlier post; I found this review of his much more balanced and less mocking than I remember his style used to be.

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  #345 (permalink)
 kevinkdog   is a Vendor
 
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matthew28 View Post
Admittedly I haven't looked at his site for quite a while as I haven't been looking to purchase or sign up for anything and therefore not after reviews.
Perhaps because the futures vendor industry has such a poor reputation (current company excepted of course), when I had looked at his site a long time back almost every review was slamming the vendor and with review after review it become somewhat relentless.
But then the quality of the vendor's services is hardly his fault and it always appeared that he had done a lot of research. So in retrospect probably more a problem with me reading lots of reviews en masse rather than just on the odd occasion.

Obviously I have no comment about the accuracy of his analysis of the CFTC case, not having read the original CFTC charges document, but as I inferred in my earlier post; I found this review of his much more balanced and less mocking than I remember his style used to be.


Good points! It does get depressing looking through that site. So many cons going on. I know Emmett has received death threats over some reviews, which may be why he is not as harsh these days.

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  #346 (permalink)
 rb55 
Manchester England
 
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So Ryan was no longer a shareholder in the company from July 1st and his last post on here was July 6th.

Maybe E2T knew of the allegations and forced him out or he has stepped aside because of this. No other reason to sell out is there.



kevinkdog View Post
Note, in the comments section of the tradingschools.org article, a comment from Earn2Trade was posted on September 10th.

I have no idea if it is really a statement from Earn2Trade or not, but the comment claims it is:

"Statement on Allegations of Personal Wrongdoing by Former Co-Founder

September 2nd, 2020

On September 2nd, 2020 the CFTC charged the former co-founder of Earn2Trade, Ryan Masten of violating CFTC regulations on several counts. None of the alleged incidents took place during Ryan’s ownership of Earn2Trade, nor had they any connection to Earn2Trade. By April, 2019, Ryan was already a fractional minority shareholder in Earn2Trade, and on July 1st, 2020 his final shares were purchased and he was no longer a shareholder in the company.

Earn2Trade is saddened to hear of the allegations against its former co-founder.
Earn2Trade strongly rejects the alleged activities and rejects unregulated Binary
Options trading in its entirety. Despite the current allegations, Ryan’s tenure at
Earn2Trade was a successful one. He helped build a great company and we are
proud today of what we have accomplished.

Earn2Trade prides itself on providing an objective examination and an equal
opportunity for retail traders around the world to test themselves and become
professional futures traders. We stand by the outstanding work our company
does every day, and we remain committed to providing a fair environment for
retail traders to test themselves and enter the world of trading."


  #347 (permalink)
 
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 Big Mike 
Manta, Ecuador
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I can confirm from Csaba Nahoczky, the new owner, that Ryan Masten is no longer affiliated with Earn2Trade in any capacity.

Earn2Trade will make further posts shortly.

Mike

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  #348 (permalink)
MTaylor
Pensacola, FL
 
Posts: 1 since Sep 2020
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Hello,

Long time reader, first time poster as they say.

I am currently in the Gauntlet Mini 150K and by the looks of things, I will succeed in getting a funded account.

My understanding from this thread is that Helios Trading Partners is essentially a related company to Earn2Trade, and while they may take on prop traders who can confirm their own success outside of E2T, its primary business is in funding the traders who are successful at E2T.

I hope that E2T can also confirm that Mr. Masten has no further connection to Helios as well. I am sure we can all understand the reasons why that would be a concern.

Thank you.

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  #349 (permalink)
trade5000
Atlanta GA
 
Posts: 18 since Oct 2019
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All in the complaint including Ryan innocent until proven guilty

These are just "allegations" in the complaint and should not be treated as facts

However---despite the above the allegations are no doubt very troubling since they are in the trading industry (options) and allege finance fraud, deceptive behavior including using aliases (Ryan is also accused/alleged in the complaint to have used an alias)

If I was Earn 2 Trade and Helios I would become very transparent now and disclose to everyone each individual who owns/controls any part or percentage in Helios and Earn 2 Trade

This is certainly a moment where the 2 companies (Earn2Trade and Helios) can actually GAIN market share against competitors if they handle it right. I believe being more transparent about the funding company and tryout company would help them. The 2 may be separate entities legally but in reality most people look at them as being tied together despite the fact that they are 2 different legal entities




Earn2Trade Funding Firm Founder Charged With Fraud

https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/

https://www.cftc.gov/PressRoom/PressReleases/8231-20


Link to complaint
https://www.cftc.gov/media/4561/enfcombluemooncomplaint090220/download

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  #350 (permalink)
 
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 bobwest 
Western Florida
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trade5000 View Post
All in the complaint including Ryan innocent until proven guilty

These are just "allegations" in the complaint and should not be treated as facts

However---despite the above the allegations are no doubt very troubling since they are in the trading industry (options) and allege finance fraud, deceptive behavior including using aliases (Ryan is also accused/alleged in the complaint to have used an alias)

If I was Earn 2 Trade and Helios I would become very transparent now and disclose to everyone each individual who owns/controls any part or percentage in Helios and Earn 2 Trade

This is certainly a moment where the 2 companies (Earn2Trade and Helios) can actually GAIN market share against competitors if they handle it right. I believe being more transparent about the funding company and tryout company would help them. The 2 may be separate entities legally but in reality most people look at them as being tied together despite the fact that they are 2 different legal entities




Earn2Trade Funding Firm Founder Charged With Fraud

https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/

https://www.cftc.gov/PressRoom/PressReleases/8231-20


Link to complaint
https://www.cftc.gov/media/4561/enfcombluemooncomplaint090220/download

Hi @trade5000,

The links in your post do not point where you meant them to, because you have placed WIKI tags around them. (You may have used the editor's icon that looks like a link in a chain, but it's not ) This makes them point to blank pages in the futures.io wiki section.

You can just type the URL directly in the edit window, and it will work as intended.

FIO moderators do not edit members' posts, so I am leaving yours as-is. If you want to correct it, you can edit it within 24 hours of its posting time.

--------------

Here are the corrected links:

https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/

https://www.cftc.gov/PressRoom/PressReleases/8231-20

Link to complaint
https://www.cftc.gov/media/4561/enfcombluemooncomplaint090220/download

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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