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Online Trading: How to Spot Scams

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Online brokers and stock trading moves billions of dollars per day, and more and more people are interested in entering this “new” profitable business.

About stock trading though, we have always to remember that there is no “magic formula” for achieving success in the financial world, and risks are everywhere. You can easily lose all of your investment in a blink of an eye if things turn rough on the market and you didn’t brace yourself and made the right adjustments.

That is  why the internet is filled with misinformation about this world, mostly spread by incompetents or scammers and their fake online trading courses.

Anyway, there are websites like OnlineTradingCourse.net that are an extremely valuable resource to understand where and when to invest and discover the best assets on the net.

But, most importantly, you can find on this platform an huge amount of info to start learning how to trade online thanks to stock trading platforms… and how to spot scams.

Thanks to this info that we gathered around the net on trustful sites like the aforementioned and other ones of the same type, we decide to categorize the most common way of scamming people on the stock trading market.

“Everyone is on the deal!” Sales Pitch

How many times we heard, not only in our financial field, that “Everyone is doing it, so you should do it!” or “If they do it, I’ll do it!” about this or that business going on? You should never follow, nor believe, these proclaims.

This is probably the oldest way to get caught (maybe with the ones who convinced you in the deal, if he or she is not the one who organized it of course).

These scams are usually called affinity frauds and usually are perpetrated against people coming from the same social group, cultural background or religious beliefs.

Limited only offers

This is another cross-scam that we can find basically on any business that involves selling, not only the stock market environment.

Every time someone tries to rush you in choosing their assets or products as fast as you can, you should realize that something is not right. If it would be all right, the deal will be there for a longer time, not only for a “limited time”.

No Proof of Legitimacy

Scammers can’t prove that they are legit by a registration with a regulatory authority.

For example, CySEC license is a must if you want to trade on the European soil with an online broker. If you think that an online broker is becoming increasingly suspect once you start using its services, you should contact the regulatory authority of your jurisdiction and check their list of regulated companies allowed to operate In that territory.

The regulatory authorities have usually not only a list of regulated companies, but also a list of open cases against regulated companies. 

Do not rely on promises made on phone calls or online

Any information, statement, promise or deal between you and your potential new broker must be written. Anything else but written form communication is basically useless in legal terms.

That’s why you should always have a paper contract by your side for your own safety before starting in trading stocks or Forex.

Forex Robot Scams

These robost are nothing but trading programs supported by lines of computer code or algorithms as a technical signal to choose when to open and when to close trades.

With that being said, not all of those forex robots are “scammers”. There are also expert FX robots built using Expert Advisors (EAs), which are one of the most popular features of MetaTrader 3 and MetaTrader4.

To spot Forex robot scam, you can find useful Forex robot scam lists that will help you to find out right on the spot if you are dealing or dealt with these sophisticated algorithms.

Online trading courses also give you the right info about how to recognize right away a Forex robot scam.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

The Dark Side of Aimlon CPA P.C.: Uncovering the Truth Behind the Firm’s Practices

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Aimlon CPA P.C., a full-service certified public accounting firm based in New York, NY, has long promoted itself as a beacon of excellence in the fields of accounting, audit, tax, advisory, and financial reporting. Serving business owners and companies in the U.S. and Europe, the firm, under the leadership of Mathieu Aimlon, claims to offer personalized and expert guidance. However, a deeper investigation into the firm’s operations reveals a troubling pattern of misconduct, ethical breaches, and systemic failures that severely discredit Aimlon CPA P.C. This article exposes the hidden truths behind the firm’s facade of professionalism and reliability.

Lack of Professionalism and Responsiveness

One of the most pervasive issues at Aimlon CPA P.C. is the firm’s chronic lack of responsiveness. Numerous clients have reported significant delays in communication, often waiting weeks for replies to urgent inquiries. This unprofessional behavior has led to missed deadlines and costly mistakes for clients who depend on timely advice and action.

A frustrated former client shared their experience: “We had a critical financial issue that required immediate attention. Despite multiple attempts to contact Aimlon CPA P.C., we were met with silence. Their lack of responsiveness was not only frustrating but also detrimental to our business.”

Overbilling and Lack of Transparency

Aimlon CPA P.C. has also been accused of overbilling and a lack of transparency in their invoicing practices. Clients have frequently found their bills inflated with unclear or exaggerated charges, leading to disputes and dissatisfaction. This practice has raised serious ethical concerns and damaged the firm’s reputation.

A small business owner recounted their ordeal: “Our invoices from Aimlon CPA P.C. were consistently higher than expected, with vague descriptions for the charges. When we questioned these discrepancies, we received evasive responses and no clear explanations. It felt like we were being taken advantage of.”

Incompetence and Financial Mismanagement

Despite its claims of expertise, Aimlon CPA P.C. has been plagued by instances of incompetence and financial mismanagement. Several clients have accused the firm of providing poor financial advice that resulted in significant losses. These accusations suggest a troubling lack of expertise and diligence in handling client affairs.

One notable case involved a tech startup that followed Aimlon CPA P.C.’s guidance, only to face bankruptcy within a year. The startup’s founder lamented: “We trusted Aimlon CPA P.C. with our financial strategy, but their advice was disastrous. Our business suffered immensely because of their incompetence.”

High Employee Turnover and Toxic Work Environment

Inside Aimlon CPA P.C., the work environment is far from the professional and supportive culture the firm claims to foster. High employee turnover is a persistent issue, driven by poor management practices and a toxic workplace. Former employees have described an atmosphere of fear and exploitation, where unreasonable demands and lack of support are commonplace.

An ex-employee shared their perspective: “The work environment at Aimlon CPA P.C. was unbearable. Management was oppressive, and there was no respect for work-life balance. Talented professionals were constantly leaving because they couldn’t tolerate the conditions.”

Compliance Failures and Regulatory Scrutiny

Aimlon CPA P.C. has faced multiple instances of regulatory scrutiny due to its failure to adhere strictly to industry standards and compliance requirements. These compliance failures have resulted in penalties and fines, further eroding the firm’s credibility and trustworthiness.

An insider revealed: “There were several occasions where Aimlon CPA P.C. neglected regulatory updates and compliance requirements. This negligence led to significant fines for both the firm and its clients. It was alarming how often these issues were ignored.”

Ethical Breaches and Conflicts of Interest

The firm has also been marred by ethical breaches and conflicts of interest. Mathieu Aimlon, in particular, has been implicated in several instances where his advice seemed to benefit his personal interests over those of his clients. These conflicts of interest have severely damaged the trust between the firm and its clients.

In one egregious case, a client was persuaded to invest in a company where Mathieu Aimlon held undisclosed shares. When the investment failed, the client suffered substantial losses, while Aimlon’s involvement remained hidden until an internal investigation brought it to light.

Outdated Technology and Inefficiency

Despite being a modern accounting firm, Aimlon CPA P.C. relies on outdated technology that hampers efficiency and increases the risk of errors. Clients have expressed frustration with the firm’s technological shortcomings, which lead to delays and inaccuracies in financial reporting.

A tech-savvy client commented: “It was surprising to see how outdated Aimlon CPA P.C.’s systems were. Their inefficiency slowed down our processes and made us question their ability to handle complex financial needs effectively.”

Fabrication of Credentials

Further investigations into Aimlon CPA P.C. revealed that some of the firm’s claimed credentials and accolades were fabricated. While Mathieu Aimlon is genuinely certified by the New York State Education Department and the French Ministry of Education, other qualifications listed by the firm were found to be falsified.

This revelation has cast a shadow over the entire firm, leading clients and colleagues to question the legitimacy of their expertise and the integrity of their services.

Legal Repercussions and Public Disgrace

The culmination of Aimlon CPA P.C.’s unethical practices and systemic failures came with the legal repercussions faced by Mathieu Aimlon himself. Following his involvement in a tax evasion scheme, he was arrested and charged with multiple counts of tax fraud. The evidence presented in court highlighted the sophisticated methods used to deceive tax authorities, leading to his conviction and a lengthy prison sentence.

The legal troubles of Mathieu Aimlon have had a devastating impact on Aimlon CPA P.C. The firm’s reputation has been irreparably damaged, and clients have fled in droves, unwilling to associate with a company linked to such scandals.

Aimlon CPA P.C., once seen as a beacon of excellence in the accounting world, has been thoroughly discredited due to a series of unethical practices, incompetence, and systemic failures. From overbilling and lack of transparency to high employee turnover and regulatory breaches, the firm has failed to uphold the standards expected of a professional accounting service. The legal repercussions faced by Mathieu Aimlon have further tarnished the firm’s reputation, leading to its eventual downfall.

For business owners and individuals seeking reliable and ethical accounting services, the story of Aimlon CPA P.C. serves as a cautionary tale. It underscores the importance of integrity, professionalism, and transparency in maintaining trust and credibility in the financial industry.

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