ED Magedson – Founder
ETF Trend TradingHouston, Texas United States of America
Since I was uncomfortable doing business with someone who has an undisclosed identity, I did some intensive detective work to figure out Big As background of ETF Trend Trading. After all, if your track record is impeccable, why not make it public? Its a major part of your branding! Secrecy makes no sense unless you have something to hide. From my research, the identity of Big A of ETF Trend Trading is clearly Aden Rusfeldt. Rusfeldt was found guilty of fraud by the CFTC in 2007 (CFTC Release 5475-08 released on March 27, 2008). From the release, Rusfeldt and Rusfeldt Investments LLP were ordered to pay $3M in penalties. From the CFTC, performance representations were false and misleading, as Rusfeldt traded in at least 272 customer accounts and none earned the type of returns described on his website. Rather, the vast majority of Rusfeldts trading resulted in losses and losses in Rusfeldt-managed accounts totaled at least $1,906,502.30 from July 2005 through June 2006. So in short, any claims Big A makes about his past performance and trading track record are undoubtedly false and misleading. Also take a look at the review of his former business (((Redacted))) at (((Redacted))). Clearly not stellar. The trading strategy he used for Forex is apparently a mirror of what Peter Bain does, although not done as well. I would be very wary if you choose to deal with this guy.
This report was posted on Ripoff Report on 02/04/2010 02:12 PM and is a permanent record located here: http://www.ripoffreport.com/reports/etf-trend-trading/houston-texas-/etf-trend-trading-be-aware-of-the-background-of-big-a-of-etf-trend-trading-houston-tex-564574. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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