Since we have mentioned the MFSA, I’m happy to remain on the same page and write about the latest clowns committing financial misconduct.
In times of financial hardship, people will find new avenues to fuel their hopes and dreams, especially through gambling, while parasites will exploit the vulnerability of others to extract money from them.
This is also the story of any fraudster and grifter who poses as an “FX trader and FX coach” when in reality no such thing exists. The trading brokerage industry is an end to itself like a gambling system that sucks money out of unwitting and uneducated people. It’s not a way to make a living and people who “teach you how to trade”, especially trading specific instruments are actually breaking the law and giving you financial advice they are not legally bound to give.
Franesca Gauci is a fraudulent and gifting “FX Trader and Coach” who is distributing financial advice that she is not supposed to give. She is a registered nurse. Francesca Gauci is also hosting an event at the AX The Palace Malta and seems to have caught a following. “FX coaches” are not “successful traders”, they are simply salespeople for brokers and receive up to ย200 for every new client they bring over. You will put your money in your brokerage account and lose it, all the while trading fake contracts on the broker’s book that is most probably trading against you. It’ not trading: it’s gambling.
Her events give me the vibes of the pyramid scheme meetings that used to be held in the 1990s to unwitting mothers in Maltese villages. I also hope the MFSA call her in to ask her what are her qualifications and credentials to pose as a commodity trader and provide financial advice. Maybe, she forgot to list her CFA in her CV and it’s just oversight from her part.
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