Hi - can you tell me if "10 percent per month" is a genuine business? www.10ppm.com claims to be able to recommend trades on a monthly basis for a cost of $125/m. Are they legitimate?
Hello,You can find out if they are legitimate by checking ASIC's registry. If they are advising about investments they would have to be there. Their website registration indicates that they have been on the web since 2008, which is a good sign that if nothing else, they are not just a fake website. But if they are not on ASIC, avoid them. Their business registry is down tonight probably because of the time difference in our countries, or I would have run the search for you myself. But you can find it here and do it yourself tomorrow during your normal business hours. (See link to ASIC)If they are there, then whether it's worth $125/month or not to subscribe to them is a whole other matter. The site offers a legal disclaimer, and as you can see for yourself if you read it, they guarantee you absolutely nothing for your money other than a published statement of what they are doing with their money.
Thanks FranL - ASIC Business Registry is down here too. Would they need to be registered in Australia (ASIC)? Can you continue to look for me as I will be away from my computer for the rest of my day?
Hello,I don't know where they really are as they have no contact information at all on their website. That's a bad sign as they are deliberately making it difficult for them to be checked out. However, the international investment industry is a closely regulated market. If they are legitimately able to give such advice, then they would have to be registered with their own country's securities and exchange committee and authorized by the securities and exchange commissions of the counties they are reaching out to and soliciting as well. So, yes, they must be on ASIC's registry.I usually have no problem accessing ASIC. It is 10 PM in the evening here in New York, and I am only going to be awake for a couple more hours. However, if I get through tonight, I will tell you what I find. If not, I can look in the morning, though by then you'll likely have the answer yourself.
Hi,Good morning (here it is 8:22 AM). ASIC is up and if you haven't looked at it yet, I did. There is no listing for 10 Percent Per Month (or for Ten Percent Per Month).I'd shy away from this, therefore. It doesn't help that if anything goes wrong you will have no recouse as you won't know where to find them. If you do find them and they are outside of your own country, your legal remedies would be both wildly expensive and very protracted.
18+ years experience in criminal fraud matters