What were they thinking?

Recently, a group of forex investors were cut from their investment, only to find that the money manager that they trusted had completely burned their accounts.

People that only had a few thousand dollars invested, were left with double digit accounts.

I asked one of these individuals about the money manager; and was shocked to find out that he was Not recognized by the NFA.

People, the NFA is there to help. It is an institution that is built around monitoring credited FX professionals. Anyone that claims to be a money manager, pool operator or introductory broker; should be registered and monitored with a government agency. It stuns me that people are yet not conscious to these small details, which may one day save them much grief.

Think of this; even barbers need to get licensed...