Report: #1042498

Complaint Review: FTS Financial

  • Submitted: Thu, April 11, 2013
  • Updated: Wed, May 01, 2013
  • Reported By: GJamesH — henderson Nevada
  • FTS Financial
    2201 Dupont
    Irvine, California
    United States of America

Show customers why they should trust your business over your competitors...

I am a former employee of FTS Financial that is interested in knowing more from consumers about what happened to your money once that "10 day money back guarentee" was no more.  The owner is a joke so I am ONLY ASSUMING his business is the same!  I have decided to let the cat out of the bag with what goes on behind closed doors.  Those $388 a day profits that Jerry is doing seem to be a BIT EXAGGERATED! The whole time I was there I never truly saw them in writing! 

There were several clients that were misled into thinking they would be able to trade 4 contracts at a time resulting in CRAZY PROFITS OF 180k dollars but all I have heard in return is disgruntle complaints.  I am posting this not to point fingers, but to receive feedback from FTS clients!  It was eye opening to find out they were re-selling OLD clients from the Owners brother's business... Which is being heavily investigated by government agencies. 

Interesting umbrella that I would love to know more TRUTH about!  Please, if you are a current client of FTS Financial, please respond with detail of how your money has played out!  If you are a potential client "thinking this through" STOP AND THINK!  MAYBE TALK TO YOUR FINANCIAL ADVISOR or even better...  Pray about it!  Then perhaps think and PRAY again if your still considering!  Whatever your choice, please ***PROCEED WITH CAUTION***
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This report was posted on Ripoff Report on 04/11/2013 11:37 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 UPDATE EX-employee responds

Phony Comments

AUTHOR: OCJames - ()

Are you people who are praising Kevin Symons for being "ethical and a class act" for real?  What about his old company CTI that was shut down by the Feds for defrauding customers? What about the fact that everyone working there including Mr. Symons used fake names (Kevin went by Joe Logan)? How ethical is it to hide behind phony names? Wouldn't an ethical person have the guts to use their real name?  Kevin and his slimy brother Steven (who is a real piece of work and had been in all kinds of trouble) are con artists and nothing more. CTI which was shut down last year by the government, bullies people into forking over $6K for their trading systems. The salesmen were instructed by Kevin to tell prospects that there were only 300 spots available in the trading system and that there were just 2 left! Never mind that they sold well over 500, the story was always the same..."only 2 spots left so get in NOW or lose out on all the huge profits." Classic high pressure tactics. SEthan exactly is so ethical and honest about Mr. Symons?  Because as someone who knows first hand, this guy is anything BUT ethical. 

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#2 General Comment

Then you should know!

AUTHOR: OCJames - ()

If you have known and worked for Kevin for 10 years then Lyon must know that he is anything BUT ethical. if he is so ethical then why did he hide behind the phony name of "Joe Logan" when he ran the Newport office for CTI Until the Feds raided their office and shut them down?  Is lying to prospects and teidling every one that there are only 2 spots left ethical? Especially when he had sold the trading system to over 500 people all the while telling people there are only 300 spots, with just 2 spots left" so hurry and set your credit card NOW so we can bilk $6K. What about the numerous complaints from people asking for their $back that got rebuffed, hung up on, and told to pound sand, and never heard a thing back from CTI until they got busted anshutout down by the Feds?  And before CTI there was Luxor and other phony companies that he and Steve Symons (Jack Logan) ran to defraud people of their money. so forgive me if I have a hard time believing anyone who would sing the praises of Kevin Symon and proclaim him to be this super ethical, honest man filled with integrity. Nothing could be further from the truth.  Just search CTI Trading Fraud and read the government complaints and the numerous customer complaints.  

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#3 UPDATE EX-employee responds

This Guy Has No Idea....

AUTHOR: Stone Gorgon - ()

I have worked with Kevin, for over six to seven years, and one thing with Kevin; at all times he is ethical and straight forward about how he conducts his business and professional life.  The complaint filed above, is from en employee who was not able to make it as a salesman. Kevin runs a tight operation, and always makes sure that his clients are taken care of.

Plain and simple, this guy is barking up the wrong tree.

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#4 Author of original report

Scott Haley... FTS best closer has a THEFTY PAST!

AUTHOR: GJamesH - ()

The PUBLIC RECORDS of Mr. Scott Haley exposed... Your salesman was PROVEN GUILTY AND SENT TO PRISON FOR THEFT!  Please read below for state records of your destiny to more money...

Register of Actions
Case No. 08C247478The State of Nevada vs Scott Haley

Case Type:Felony/Gross MisdemeanorDate Filed:09/03/2008Location:Department 6Conversion Case Number:C247478Defendant's Scope ID #:1626978Lower Court Case Number:08F08870Related Case Information
Related Cases
08F08870X (Bind Over Related Case)
Party InformationLead AttorneysDefendantHaley, Scott  Also Known As  Haley Scott

ADayvid J. Figler
702-737-7702(W) PlaintiffState of NevadaSteven B Wolfson
702-671-2700(W)Charge Information
Charges: Haley, Scott


 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19001.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19002.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19003.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19004.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19005.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19006.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19007.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19008.
 ACTIONS WHICH CONSTITUTE THEFT205.0832Felony01/01/19009.
 THEFT-PENALTIES205.0835Felony01/01/1900Events & Orders of the Court   DISPOSITIONS01/01/1900  Plea (Judicial Officer: User, Conversion)
1. ACTIONS WHICH CONSTITUTE THEFTGuilty01/01/1900  Plea (Judicial Officer: User, Conversion)
1. THEFT-PENALTIESGuilty09/11/2008  Disposition (Judicial Officer: User, Conversion)
2. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
2. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
3. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
3. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
4. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
4. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
5. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
5. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
6. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
6. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
7. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
7. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
8. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
8. THEFT-PENALTIESCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
9. ACTIONS WHICH CONSTITUTE THEFTCharges Amended/Dropped09/11/2008  Disposition (Judicial Officer: User, Conversion)
9. THEFT-PENALTIESCharges Amended/Dropped11/05/2008  Disposition (Judicial Officer: User, Conversion)
1. ACTIONS WHICH CONSTITUTE THEFTGuilty11/05/2008  Disposition (Judicial Officer: User, Conversion)
1. THEFT-PENALTIESGuilty11/05/2008  Adult Adjudication (Judicial Officer: User, Conversion)
1. ACTIONS WHICH CONSTITUTE THEFTConverted Disposition:Sentence# 0001: SUSPENDED

Minimum 12 Months to Maximum 32 MonthsPlacement: NSP

Converted Disposition:Sentence# 0002: PROBATION WITH CONDITIONS
Minimum 5 Years to Maximum 5 Years Converted Disposition:Sentence# 0003: COUNSELING PROGRAM

Converted Disposition:Sentence# 0004: RESTITUTION

Amount: $14930.03
Converted Disposition:Sentence# 0005: EXTRADITION FEES

Amount: $295.20
Converted Disposition:Sentence# 0006: DNA FEE/GENETIC MARKERS ANALYSIS

Amount: $150.00
Converted Disposition:Sentence# 0007: ADMINISTRATION FEE

Amount: $25.00
Converted Disposition:Sentence# 0008: COMMUNITY SERVICE

Converted Disposition:Sentence# 0009: PROBATION RE-INSTATED

Converted Disposition:Sentence# 0010: ADDITIONAL CONDITIONS OF PAROLE & PROB

Minimum 90 Days to Maximum 90 Days
Placement: CCDC

Converted Disposition:Sentence# 0011: CREDIT FOR TIME SERVED

Minimum 41 Days to Maximum 41 Days
11/05/2008  Adult Adjudication (Judicial Officer: Cadish, Elissa F.)
1. THEFT-PENALTIES06/07/2010  Amended Adult Adjudication (Judicial Officer: User, Conversion) Reason: Modified, Probation Revoked
1. ACTIONS WHICH CONSTITUTE THEFTConverted Disposition:Sentence# 0004: RESTITUTION

Amount: $14930.03
Converted Disposition:Sentence# 0005: EXTRADITION FEES

Amount: $295.20
Converted Disposition:Sentence# 0006: DNA FEE/GENETIC MARKERS ANALYSIS

Amount: $150.00
Converted Disposition:Sentence# 0007: ADMINISTRATION FEE

Amount: $25.00

      OTHER EVENTS AND HEARINGS09/03/2008  InformationINFORMATION Fee $0.00
 08C2474780001.tif pages09/03/2008  HearingINITIAL ARRAIGNMENT
 08C2474780002.tif pages09/04/2008  Criminal BindoverCRIMINAL BINDOVER
 08C2474780003.tif pages09/05/2008  Reporters TranscriptREPORTER'S TRANSCRIPT OF PROCEEDINGS
 08C2474780005.tif pages09/09/2008  MemorandumGUILTY PLEA MEMORANDUM/AGREEMENT
 08C2474780007.tif pages09/09/2008  Initial Arraignment 
(9:00 AM)

INITIAL ARRAIGNMENT Court Clerk: Roshonda Mayfield Reporter/Recorder: Kiara Schmidt Heard By: Kevin WilliamsParties PresentMinutes Result: Matter Heard09/10/2008  Conversion Case Event TypeSENTENCING
 08C2474780006.tif pages09/11/2008  InformationAMENDED INFORMATION
 08C2474780008.tif pages11/05/2008  Sentencing 
(9:00 AM)

SENTENCING Court Clerk: Katherine Streuber Reporter/Recorder: Kristen Lunkwitz Heard By: Kathy HardcastleParties PresentMinutes Result: Granted11/06/2008  HearingSTATE'S REQUEST STATUS CHECK: RESTITUTION
 08C2474780009.tif pages11/10/2008  JudgmentJUDGMENT OF CONVICTION/ADMIN ASSESSMENT
 08C2474780010.tif pages11/10/2008  JudgmentJUDGMENT OF CONVICTION/GENETIC TESTING
 08C2474780011.tif pages11/10/2008  JudgmentJUDGMENT OF CONVICTION/EXTRADITION FEE
 08C2474780012.tif pages11/10/2008  JudgmentJUDGMENT OF CONVICTION/RESTITUTION
 08C2474780013.tif pages11/17/2008  HearingHEARING RE: RESTITUTION
 08C2474780014.tif pages11/17/2008  Request 
(9:00 AM)


RESTITUTION Court Clerk: Katherine Streuber Reporter/Recorder:
 08C2474780015.tif pages12/15/2008  Hearing 
(9:00 AM)

HEARING RE: RESTITUTION Court Clerk: Katherine Streuber Reporter/Recorder: Kristen Lunkwitz Heard By: Lee GatesParties PresentMinutes Result: Matter Heard03/11/2009  JudgmentCONFESSION OF JUDGMENT
 08C2474780017.tif pages03/11/2009  JudgmentCONFESSION OF JUDGMENT
 08C2474780018.tif pages03/11/2009  JudgmentCONFESSION OF JUDGMENT
 08C2474780019.tif pages03/11/2009  JudgmentCONFESSION OF JUDGMENT
 08C2474780020.tif pages03/11/2009  JudgmentCONFESSION OF JUDGMENT
 08C2474780021.tif pages05/19/2009  MotionNOTICE OF INTENT REV OF PROB
 08C2474780023.tif pages06/01/2009  HearingREVOCATION OF PROBATION
 08C2474780024.tif pages06/01/2009  Notice of Intent to Seek Revocation of Probation 
(8:30 AM)

Clerk: Keith Reed/kar Relief Clerk: Melissa Benson Reporter/Recorder:
Jessica Ramirez Heard By: ELISSA CADISHParties PresentMinutes Result: Matter Heard06/15/2009  Revocation of Probation 
(8:30 AM)

Clerk: Keith Reed/kar Relief Clerk: Melissa Benson Reporter/Recorder:
Jessica Ramirez Heard By: ELISSA CADISHParties PresentMinutes Result: Probation Reinstated07/28/2009  JudgmentAMENDED JUDGMENT OF CONVICTION
 08C2474780026.tif pages11/06/2009  Bench WarrantBENCH WARRANT ISSUED
 08C2474780027.tif pages11/06/2009  Conversion Case Event TypeSTATUS CHANGE: ACTIVE TO WARRANT
 08C2474780028.tif pages05/24/2010  Conversion Case Event TypeSTATUS CHANGE: WARRANT TO ACTIVE
 08C2474780029.tif pages05/24/2010  HearingREVOCATION OF PROBATION
 08C2474780030.tif pages06/07/2010  Revocation of Probation 
(8:30 AM)

REVOCATION OF PROBATION Relief Clerk: Carole D'Aloia Reporter/Recorder: Jessica Ramirez Heard By: ELISSA CADISHParties PresentMinutes Result: Matter Heard06/10/2010  JudgmentSECOND AMENDED JUDGMENT OF CONVICTION
 08C2474780031.tif pages
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#5 Author of original report

Gambling assumptions?

AUTHOR: GJamesH - ()

Funny that I am an ASSUMED gambler just because I lived in Henderson, NV.  I would like to make one thing clear:
I did not post this blog to attack anyone so I refuse to feed into your negativity!  I did however post this to hear from current clients OR the multiple clients who are currently requesting their money back! Bottom line is this... I just recently stopped working for "the firm" but according to previous rebuttal posts, there are several employees such as Tess V, who wrote a blog stating she has been an employee in the office for a number of months.  Funny thing is, there was NO Tessa working in the office NOR is there currently a Tess working in the office.  I know this because I personally called requesting to speak with Tess and as I supposed, according to the women who answered the phone, there was no Tess employed with FTS FINANCIAL! 
Funny thing is though... It doesn't surprise me!  The horrible grammar, the false rebulttals!  It doesn't stop there!
This "live trading room" was mentioned to be in the top 3% in the nation!

(Above is the link to view the magazine article)

If you are a Southern California resident I would ask you this!  If you are considering moving forward risking the $6,000, DO YOURSELF A FAVOR AND STOP BY THE OFFICE!  When you do, ask your SALESMAN to show you this magazine!  Similiar to Tess's rebuttal, it looks funny!  It is binded like the photo album my mother made me in 1990!!!  Ask yourself this... If this magazine has been in publication for 30+ years and is a "LEADING INDUSTRY PUBLICATION", wouldn't it at least look like a normal magazine?  Maybe not, I have never traded in my life! Maybe that is Futures Truth's way of doing things... But from a consumer stand point, I will not hesitate to say it looks very Kinko-ish :) 

I AM NOT SAYING FTS IS A SCAM, I AM NOT SAYING FTS IS A FRAUD!  Let me PLEASE make that clear!  I am stating the following facts:
- Reselling old clients from a company who DOES NOT EXIST ANYMORE due to reasoning I refuse to discuss based in legal consultation
- A proclaimed status of being in the top 3% from a magazine that looks like it came out of a cracker jack box
- A website that makes you feel special when you click a specific word on the website to obtain $1,000 OFF :)


What I am curious about is.. Are they really a client?  Could they possibly be getting paid?


If you DO NOT give them your 6,000, you WILL NOT LOSE your 6,000

I am posting this picture while abiding by all California state laws!
In the U.S., if you can legally take the picture, then you have the legal right to post it anywhere or show it to anyone you want. The law says where the eye can go, the camera can go. If it is legal for you to be looking at someone, it is legal for you to take a picture of them, with or without their permission and you can show it anywhere you like. If you take a picture of them where there is a reasonable expectation of privacy, such as a bathroom or dressing room, or install a hidden camera in a person's own home without their knowledge, then it is not legal. You cannot use photos of someone else for financial gain, that is marketing a product or idea, i.e. and advertisement, without their consent, but you don't require permission just to post it on the internet. If you post it on a website and the photo somehow violates their rules, they can remove it, but there are no legal ramifications for it.

this picture was taken of Kevin Symons in his office, upon his request!
If I were a gambler, I would bet this would turn you away....
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#6 Consumer Comment

Dear gambler in Henderson NEVADA (VEGAS)

AUTHOR: Uncle - ()

As a client of Kevin and FTS Financial I can say I have gotten more than my money's worth in cash returns so far. Jerry's help has been great.

I have found Kevin to be a man of integrety and upstanding character.

I had met him on a former project. When that project had a hiccup, Kevin not only refunded my subscription fee but refunded out of his pocket the losses to help me and my wife who was terminally ill at the time.

Any former employee who would post such malicious stuff as this poster did should me prosecuted. I wonder if the origional poster is trying to extort this fine person and his company.

Investments are investments and never a sure thing. I have won and loss millions of dollars in my lifetime. This is the nature of investing.

Would I take Kevin's investment advice again in the future? You bet! He honestly likes helping folks, is stand up and lives his ethics.

As a man of faith I am offended that this troublemaking poster is using this forum to slander a man who has godly actions toward others.

Feel free to contact me.

Gordon W
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#7 Consumer Comment

Barking Up the Wrong Tree

AUTHOR: Mo_R - ()

I have known Kevin Symons for over 10 years.  I worked directly for him for two years.  During that time I always knew him to be fair, honest, equitable, personable, and passionate.  Kevin is not a babysitter:  He is a high-performance individual, and will only surround himself with like-minded persons.  

It is quite obvious to me that this complaint was started by a disgruntled former employee.  As a former co-worker I can squarely repudiate the allegations at hand.  In fact, in my personal experience, Kevin Symons' word carries considerable clout among his peers; Since I worked with Kevin I was granted job interviews simply because I knew him and my potential employers were quite familiar with his track-record of success and fairness in all personal and business dealings.

I have kept in touch with Kevin since the day I met him because he's a man of his word and is always willing to help those who merit his assistance.

Please contact me directly for further information.
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#8 Consumer Comment

Kevin Symons

AUTHOR: Boston Rob - ()

I have known Kevin for over 15 years and he is a class act.  I have been a client and worked with him in the past.  He will not steer you wrong.  Its scary how one unhappy employee can try to ruin years of building a flawless reputation.
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#9 UPDATE Employee

Kevin Symons - exceedingly ethical

AUTHOR: Irvine - Irvine - ()

I have been an employee of FTS Financial for nearly a year. Among the reasons I joined the firm were Kevin Symons' strong background in the futures marketplace (former floor trader in the crude oil pits in New York City), his exuberance toward the opportunity to market Jerry Simmons' Trading Room (TR), and what I viewed as his openness and his integrity. Since that time, Kevin has consistently demonstrated to me that he is in fact a man of integrity and character, and he daily exhibits fairness.

He is not one to mislead one on the experience or opportunity of trading in Jerry Simmons TR. In fact, if a prospective TR candidate appears unsuitable due to, for example, lack of proper computer skills, too advanced age or insufficient capabilities, or inadequate time to devote to trading, we as sales and marketing individuals are instructed to reject that applicant from the program.

The performance of Jerry Simmons' TR has recently been reviewed by a leading independent futures industry publication, which placed the TR in the top 3% nationwide (out of a grouping of 337 trading rooms), for significant, relevant hurdles including profitability, integrity, accuracy of trades, and true trading talent; and criteria of being measurable, dependable, observable, and verifiable.

In sum, it appears to me that the disgruntled former employee's statements, allegations and innuendos are baseless and despicable.
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#10 UPDATE Employee

FTS, Kevin, & Jerry

AUTHOR: Irvine - ()

I have worked for Kevin for over a year and find him to be a one in a million type of individual. Honest and of an integral nature. He does things right and by the book. The person complaining must be a loose cannon or something. Utterly ridiculous. Absurd. Jerry is an absolute gem. Another rare bird on this earth. These two have the best thing out there going. 
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#11 UPDATE Employee

Kevin Symons Exceptional Character

AUTHOR: Tess PV - ()

 I am a current employee of FTS Financial. Kevin Symons is a man of exceptional character both professionally and personally. He exemplifies integrity, and is exceptionally fair, generous and kind in his dealings w both employees and clients. Kevin and Jerry are both dedicated to assisting each client to reach their goals, and the whole team at FTS offers complete support every step of the way. I feel very fortunate to be part of FTS. 
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#12 UPDATE EX-employee responds

Kevin Symons a man of integrity

AUTHOR: Charles B - ()

I have worked off and on for Kevin and his team for many years. I know him to be a hard working , kind man with great integrity. Same goes for his team as well. I never saw anything untoward happen while I worked for him.

I have known him to be honest and cordial in his dealings with me as a worker. I have heard him speaking with clients on a number of occasions and have never heard him treat them with anything but courtesy and respect.

On many occasions I found Kevin and his team working long hours to help clients get a leg up and improve their financial situation. Not sure how anyone could find fault with that.

It s shame when a disgruntled employee who has an agenda has to find this avenue to vent his thoughts. I am grateful of my time working with Kevin and for FTS and consider him a wonderful family man and business associate.

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#13 UPDATE Employee

Kevin Symons is an honest, ethical businessman

AUTHOR: Irvine - ()

I am a current employee of Kevin Symons and FTS Financial and I have been for some time.  I strongly disagree with the "assumptions" posted by Henderson Nevada.  In my affiliation with him I have found Kevin Symons to be an honest, ethical businessman and I have found his business to be the same.  In my opinion Jerry's performance is not exaggerated and in fact his trades are documented every trading day in the live trading room.  Jerry's students trade their own accounts and they can trade as many contracts as they choose based on their own financial resources and risk tolerance.
I have read, seen and heard a great number of Jerry's students attesting to the success of Jerry's trading and the great value of his mentorship.  If the assumptions of "Henderson Nevada" were correct this could never be the case.
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