7 Responses to “Learning Center - Can we get your feed-back?”

1. on 06 Apr 2009 at 4:58 pm1EX EMPLOYEE

   Police raid Geneva forex firm in fraud probe
   by Malcolm Curtis
   Geneva - 03 April 2009 | 18:05

   EXCLUSIVE: A squad of 28 police officers raid the downtown Geneva offices of currency trading company ACM and seize documents, a computer and other evidence in a suspected financial fraud case. Swisster discovers the unprecedented affair, being directed by an inspector and detective for the cantonal force’s financial fraud brigade, may take weeks to unravel and has involved the questioning of top officials from the company, who are refusing to comment.
   Geneva police are continuing to investigate a foreign exchange trading company based in the city after launching an unprecedented raid of the firm’s downtown offices, a spokesman for the cantonal force said Friday.

   Swisster has learned that a squad of officers raided the premises of ACM (Advanced Currency Markets) on Thursday morning seeking evidence in relation to a suspected financial fraud case.

   “I can confirm to you that yesterday 28 police officers went to the offices (of ACM),” Geneva police spokesman Patrick Pulh told Swisster. Police took away documents, a computer and other evidence from the company’s premises at 50, rue du Rhône, he said.

   In addition, senior officials were questioned by police, although Pulh said no-one has been arrested. A company employee told Swisster that a trader and four of the company’s senior management, including Nicholas Bang, deputy general manager and one of ACM’s founders, were contacted at their homes early Thursday and taken in for questioning.

   “We are being told that it has to do with a client from two years ago based in Mexico who had lost a lot of money from the company,” the informant said. “The client was looking for documents to see if there was any misappropriation.”

   Pulh confirmed that senior company officials were questioned but could not go into details. “At this moment no one has been arrested,” he said. An inspector and a detective from the cantonal police force’s financial fraud brigade are directing the investigation, Pulh said.

   “It could take a few days or a few weeks to work on this case,” he said. “We are at the beginning of the investigation so that’s why we are not saying what kind of charges are being looked at . . . it’s early in the investigation.”

   ACM did not immediately respond to an emailed request from Swisster for a statement about the investigation from company CEO Lloyd La Marca, or another representative. “I’m afraid we cannot comment on it,” said Claudia Schulz, a marketing spokesman for the company. “Personally I would not take responsibility for commenting.” Schulz said she would pass on Swisster’s request to the company’s marketing manager.

   Operations at ACM, which employs a staff of about 100 people working on two floors, including sales staff and currency traders, appeared to continue normally on Friday. Founded seven years ago by La Marca and Bang, former students of the University of Geneva, and Alexandre Axarlis, a former United Nations and World Trade Organization employee, ACM has grown to include offices in Zurich, New York, Dubai and Montevideo.

   The company offers a range of currency trading services. ACM “offers the most competitive, transparent and simple execution to the foreign exchange trader,” according to its website.

2. on 06 Apr 2009 at 5:43 pm2Francesc Riverola

   well,… this post was not intended to talk about ACM. There are other posts in this blog to talk about ACM, I would like to talk here about FXstreet’s new Learning Center if you have something positive or negative to say about it

   Thanks

3. on 08 Apr 2009 at 12:03 pm3Isabella

   Congratulations on providing an excellent resource that already appears to be building towards being an extremely comprehensive learning experience.

   Great layout, great graphics and great navigation system - a one stop forex training manual online. This will be so beneficial to so many traders (of any level of experience)wishing to learn more about trading forex. Traders will be able to ‘dive’ in at the level they feel appropriate; start right at the beginning for newcomers, or quickly and easily see what level to start at for the more experienced.

   Yet another innovative resource from FXstreet - no less than we’ve come to expect - it’s terrific.

4. on 08 Apr 2009 at 7:46 pm4Francesc Riverola

   Hi Isabella

   In behalf of FXstreet.com thank you so much for your feed-back. Lay-out and easyness of navigation, along the content, were critical for us when we decided to go on with the Learning Center.

   I hope you and many traders will enjoy it so much

   Thanks again

5. on 08 Apr 2009 at 8:51 pm5Tim Salem (CVJ)

   Greetings, as always, Francesc!

   Congratulations on the new Learning Center!

   The Modules are full of Clarity and are very Comprehensive.

   I especially enjoy the “Roll-Out” Feature that prevents too much moving around and deviating from the “Curriculum Sequence”.

   This will prove beneficial to the newer Traders and various “Learning Styles”.

   Goncalo and I have spoke of the progress a few times in the past, and Noemi asked me to give it a “Sneak Peek” last week!

   Congratulations to Goncalo Moriera and Maud Gilson for their diligent work on the Project, and I wish the utmost success with it moving forward!

   Sincerely,
   - Tim -

   “CVJ”

6. on 09 Apr 2009 at 11:55 am6Francesc Riverola

   Hi CVJ

   Thanks a lot for your feed-back

   I agree indeed that Gonçalo Moreira deserves most of the pride as he is the master mind behind our LC.

   Bravo for Gonçalo!

7. on 09 Apr 2009 at 12:43 pm7David Aranzabal

   Hi Francesc,

   Congratulations on the new Learning Center!
   It’s nice for new traders to get all this information for free. When I started 6 years ago looking for free information about Forex there was no so much staff.
   Gonzalo Moreira has done a great work !!

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