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Samuel Leach- According to individuals familiar with the transaction, Samuel Leach, of London-based Samuel & Co Trading, claims to specialize in algorithm trading and just finished a seven-figure contract to create a high-performance trading algorithm for a European investment firm. Samuel Leach claims that it is believed to be giving the unnamed multinational organization ongoing support to modify the algorithm to meet future performance goals.
Algorithm Trading refers to automated implementation of buy, hold and sell orders on trading platforms. It has become increasingly popular in recent years thanks to the rising prevalence of AI tools.
Following Cathie Wood of ARK’s recent comments that the market cap for AI in the enterprise software sectors was not $30 trillion as previously estimated but $80 trillion over the next 10 years, this news was shortly released.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
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In 2013, Samuel Leach claims that he began developing algorithms and non-emotionally driven turnkey investments while still a student and employed by one of the top private banks in the UK. His two main algorithms, which he used to create Samuel & Co Trading, worked on the USD: GBP exchange rates and the Dow Jones, the latter of which offered 20% in March 2020 alone when it traded during the US COVID-19 Financial Crash. Leach has now expanded the product and is competing on a completely other level.
Samuel Leach claims that he is famed for his YouTube and Instagram profiles, where his algorithm outputs were initially shared. Samuel Leach claims that his increasing presence in the financial and social media worlds secured him the boasting rights of the 7th Top Fintech Disruptor in the UK and one of Yahoo Finance’s Top Traders To Follow in 2020.
Given the growth and wealth development capabilities arising from ‘Algo’ trading and the related AI fields, this is an area to monitor both for now and further into the future. As for Samuel, he claims that, at only age 30, there is no way of telling the heights his career will yet reach!
Samuel Leach- Let’s look at what is the reality
The customers called it a very negative experience with Samuel Leach company.
One of the customers said that he has been in the trading business for a while, and after completing their training, SamuelandCo (Samuel Leach, owner of the Yield coin), encouraged him to trade on a funded account. He was overjoyed, but sadly, things did not turn out as they looked to. In order for you to be prepared for opportunities like this throughout your trading career, he is starting this thread. He asked you to do your research, please.
Source- SamuelAndCoTrading Samuel Leach Scam? (REVIEW) – Trading Discussion – BabyPips.com Forum
He urged the public not to trade with Samuel & Co trading.
One of the customers questioned the Samuel & Co trading legitimacy. He said that he was completely new to forex, fresh out of university, and despite his lack of experience or relevant knowledge, Samuel & Co had offered to hire him as a junior forex trader. However, the hiring process seems to involve several fees totaling several hundred pounds (and additional fines if he doesn’t reach his monthly target of a 4% return). Is this typical of the industry? He questioned the legitimacy of the company Samuel & Co. trading.
Some of the customers said that this company named Samuel & Co trading as shady and not trustworthy.
Other customers called Samuel & Co trading as scammers. Let’s see what he said-
“OP could have checked their website himself. He’s not here because the website looks bad (and to be fair, any random scammer isn’t going to project they are scammy on their website..)
Charging for education is absolutely fine when you’re selling an educational program.
Charging for training/tryouts is fine when a prop firm is vetting talent and the clients know what they are getting into.
Framing the whole thing as hiring an employee, then charging them for training, and then charging them should they not perform… that’s shady as far as I’m concerned.
The money is being made off the client, not from trading.. a huge conflict of interest.
I’ll ask you again, Are you absolutely sure you know what you’re talking about here? Do you work prop or on the institutional buy-side of the industry? OP came here for informed answers as it relates to his career.”
One of the customers said that the reason for Samuel Trading company being considered shady is that out of say 50 people that spend say £350 ( total £17500) on their “administrative fee” only one person will be chosen as the winner to join their group. Wish these guys were like the ones from back in the day where it is not sure that anyone didn’t have to pay to join their firms.
Samuel Leach- What is Insider Trading? (The crime committed by Samuel Leach)
When material knowledge is still secret, insider trading is prohibited and carries severe penalties, including the possibility of fines and jail time. Any non-public information that has the potential to materially affect a company’s stock price is referred to as material non-public information.
In the stock market, legal insider trades frequently take place. The attempt of the SEC to keep a fair marketplace exists at the root of the legality issue. Insiders of a firm are permitted to trade company stock as long as they promptly notify the SEC of their transactions.
Insider trading involves trading in a public company’s stock or other securities by someone with non-public, material information about the company. Insider transactions are legal if the insider makes a trade and reports it to the Securities and Exchange Commission, but insider trading is illegal when the material information is still non-public.
Those who commit insider trading face harsh consequences, so it’s important to know what it is and how to avoid it if you own company shares and have information that can affect other investors.
- Insider trading is the purchase or sale of stock in a publicly traded corporation by a person who has access to substantial, non-public information about the company.
- Any information that has not been made accessible to the public that could significantly affect a buyer’s or seller’s choice of security is considered non-public, material information.
- This type of insider trading is prohibited and carries severe repercussions, such as possible fines and jail time.
- Insider trading is acceptable as long as you follow the SEC’s guidelines.
Samuel Leach- Is Insider Trading like the trading involved with Samuel & Co trading a Negative Connotation?
Due to the notion that it is unfair to the typical investor, the word “insider trading” often carries a negative connotation. Insider trading essentially refers to the trading of shares in a publicly traded firm by a person who has access to substantial, nonpublic information about that stock. The appropriate reporting of an insider’s trade qualifies it as an insider transaction, which is permissible. Insider trading is prohibited.
Bottom Line
Insider trading like the trading involved with Samuel & Co trading is when non-published information from a company is used to make a trading decision by someone with an invested interest in that company. It is illegal to engage in insider trading, but it is legal to trade your company shares as long as you follow the guidelines set by the SEC.
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