High-pressure tactics earn Presidential fine
NEWS
The company, Presidential FX, and its employees Adam Leon and Joseph Marchiano, were fined a total of $3.3 million for misleading customers. They told prospective clients that it was "absolutely impossible" to lose money investing with their firm despite the fact that from December 2003 to June 2004 Presidential FX did not have a single profitable month of trading. In that time some 99% of customers in fact lost money. Marchiano and Leon are also now permanently banned from entering into
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