Russian police and authorities crack down on illegal forex brokers registered in Saint Vincent and the Grenadines, according to local media outlets. The move comes to protect traders and investors in the vast yet often-shady industry.
The number of the apprehended scammers remain undisclosed as of writing. According to the country’s Ministry of Internal Affairs, the said brokers were operating an illegal online trading scheme.

The authorities confirmed the arrests yesterday in an official statement. The initiated criminal proceedings occurred on suspicions of fraud and false representations.

Local reports say that the Russian police held over a dozen officers and approximately 40 private apartments. During the raid operations, the police captured computers and other documents as well. Irina Volk, the official representative of the Russian Ministry of Internal Affairs Irina Volk, representative of the Ministry of Internal Affairs

Irina Volk, the official representative of the Ministry of Internal Affairs, said that about 21 million rubles received damage from the illegal activities. Volk gave information about the preliminary investigations and estimates of the Russian police on the large scale fraud.

The fake online brokers were disguising themselves as official representatives of Larson & Holts, a licensed forex broker. The apprehended suspects were registered in the Marshall Islands but did not have licenses by the Central Bank of Russia who regulates the foreign exchange industry there. Too-Good-To-Be-True Operations

The Russian police also named some of the firms involved in the raid, MTS, and RBC. However, the authorities have not disclosed the names of the individuals involved.

According to the official police statement, the scammers operated a high yield investment program, otherwise called as HYIP. The minimum deposit required by the broker sits at 5,000 US dollars, and the returns were very promising.

Local police advised aspiring investors and traders to remain vigilant on the sites they that respect. An expert advised checking the broker properly before signing up.

It’s important to remain vigilant as more and more online brokerages keep popping up. But one fraud doesn’t generalize the industry. Fortunately, Saint Vincent is also home to some of the world’s leading and best forex brokers.

Wikipedia defines financial literacy as the ability to understand finance. More specifically, it refers to an individual’s ability to make informed judgement and effective decisions based on sound financial knowledge and understanding.Our school system was designed to train employees for the industrial age. No wonder you were not taught how to handle your money and make wise financial decisions. Most financial knowledge comes from your own experiences (either good and bad) and your close ones like your parents, friends and relatives. You invest in 401K or RRSP and diversify your mutual fund portfolio because that’s what other people do and you don’t know any other investment options. It becomes a serious problem during the economic downturns. While many people saw their lifetime saving shrank dramatically from the last global financial crisis, some with a solid financial education became richer than ever. You wonder how they made it.It is time to invest in your own financial education. It is time for our school system to adopt financial education into the curriculum of high school and college/university. Because a sound financial education gives you an unfair advantage to those without.In his best-selling book “The Conspiracy of the Rich”, Robert Kiyosaki lists four basic investment categories (business, real estate, paper assets and commodities) and says a sophisticated investor invests in all four categories to achieve true diversification. If you have only one source of income (e.g. “Job”, “self-employed”), no matter how much you earn, you are vulnerable to any financial instabilities. You need to have multiple sources of income. You need to have more than one investment vehicle to build and protect your wealth. You may ask “Sounds great but where do I start?” Well, the best and the quickest way to success is to learn from those who have been successful. In this section, you will be introduced to some of the most successful and influential investors, entrepreneurs and financial educators of our time in North America. So fasten your seat belt and let’s explore their world.Robert Kiyosaki — author of Rich Dad Poor Dad, is an investor, entrepreneur, educator and New York Times best-selling author. His financial education book series Rich Dad Poor Dad has been translated to over 100 languages and sold more than 26 million copies world wide. He also created the educational board game Cashflow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. Robert Kiyosaki’s perspectives on money and investing are different from traditional teaching. The old beliefs of getting a good job, working hard, saving money, getting out of debt, and investing for the long term are obsolete in today’s world. Robert Kiyosaki’s teachings focus on generating passive income through investment opportunities, such as real estate and businesses, with the ultimate goal of being able to support oneself by such investments alone. Some of Robert Kiyosaki’s bestselling books:Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom by Robert Kiyosaki (1998)Find out which quadrant you belong to, why people from different quadrant think and react differently and which path to take to achieve financial freedom. Download Notes taken from Cashflow Quadrant.Conspiracy of The Rich: The 8 New Rules of Money by Robert Kiyosaki (2009)If you are still in the mentality of having a secure well-paid job and counting on your mutual funds to retire you comfortably at age 65, you need to read this book. In this book, Robert Kiyosaki shares his view of global economics and explores why people are finding themselves challenged by these turbulent times. If you are worried about or were hit by the last financial crisis, you want to be prepared for the next one. Notes taken from Conspiracy of The Rich.Michael Maloney — To escape the rat race, you not only need to build wealth but also need to protect it against inflation and financial downturns. Gold and silver serve such purposes for hundreds of years. If you are interested in investing in gold and silver, you’ve got to learn from Michael Maloney, who is Rich Dad’s advisor. Michael’s book Guide to Investing in Gold & Silver presents a historical view of economic cycles, money history, gold and silver, fiat currencies, and the Federal Reserve in an easy-to-understand way. It explains how the US government is driving inflation by diluting its money supply and people’s purchasing power, why to invest in gold and silver, and how to invest in gold and silver. Through the lens of the history, you know where we stand today and how to prepare for our future.You will find updated news and analysis on gold and silver investment from Michael’s website goldsilver.com which attracts hundreds of visitors daily. You can purchase gold and silver online through his website.Robert G. Allen — a Canadian born financial author. Some of his best-selling books are: Multiple Streams of Income, Creating Wealth and Nothing Down. He has helped tens of thousands of people achieve their financial goals with his books and seminars. His Multiple Streams of Income covers the topics such as stock market, real estate, tax liens, network marketing, internet marketing, etc.Robert Allen reveals the secret formula for extreme networking marketing success through his 14-page eBook “The Secret Formula For Financial Prosperity”.Don R. Campbell — Canadian-based real estate investor, author, and market researcher. Formerly worked for Sears back in early 1980, Don achieved his financial freedom through real estate. He is the president of Real Estate Investment Network (REIN) which one of the largest organization of its kind in Canada and has more than 15 years history. To be a REIN member, you need to fulfill a 17-month membership obligation. The monthly fee is relatively high to some people but the information on Canada’s most current real estate market and education you will get are worthwhile. If you are new to real estate, it is definitely a good starting place and save you many trial and error.If you are interested in Canadian real estate investment, Don R. Campbell’s best selling book 97 Tips for Canadian Real Estate Investors is a must for you. It offers Canadian specific content and advice that are relevant to Canadians.Chris Martenson — a trained research scientist, and a former Fortune 300 VP. His free video series Crash Course gives a clearest and most straightforward explanation of how our economy, energy systems and environment interact — how we got to where we are today, and some reasonable expectations for the future. Chris sends out the same message Robert Kiyosaki has been teaching over the years — the next twenty years are going to look very different from the last twenty years.Stay tuned. We will continue introducing some other successful and influential investors, entrepreneurs and financial educators of our time through future article submission. We highly recommend you invest your time in your financial education and personal development. As an old saying goes, “Success is not something you pursue; Success is someone you become”.

Many researchers have proven the fact that functioning of brain cells of infants is twice active as adult’s brain. Neurons are the brain cells that connect together and power of neuron have the potential of a PC. Connectivity of neurons decides the smartness or intelligence of individuals. In human, brain development and the learning ability of an individual is 50% in the first four years of age. The nerves of individuals are reduced as they grow up and this is why the 1000 trillion nerves present in an 8 months baby are reduced to 500 trillion as it grows up. A child that has given more opportunities to explore will be much smart.

A majority of children, more than 90% of them use their left brain, but the imperative fact to remember is the right brain must also be utilized. Education system present in almost all the schools is designed to develop or use the left brain. Right brain is never the less significant because it is responsible for creativity, arts, feeling, imagination, visualizing, daydreaming, rhythm, holistic thinking and many others. Hence it is equally important to develop both side of brain. It is also most important to take steps to keep both the brain much active, by keeping them to perform analytically on an equal basis. It is the responsibility of parents to give activities to their children that ensures the involvement of both brain. If both brain used by children it is probable to enhance their learning power and they can also increase their brain power. If brain development programs are offered to children they can make most of the program and develop their skills to give work to both side of brain and remains high in intelligence level. Development of brain in human beings is based on the degree of how much it is used. If it is left unused there are more probabilities for individuals to lose as brain works on the basis of use it or lose it.

To ensure the progressive brain development in children, it is the role of parents to introduce their children with a reputable brain development program. Most of the experts suggest step by step educational program to the children which is systemic and efficient. Nowadays it is very simple to find out a lot of schools which not only gives importance to academic program, but they also boost the creativity of children through their extracurricular activities. It is probable to search internet and get hold of relevant schools that present with a variety of activities to stimulate the brain and encourage the development of children. A total development program to stimulate mental activity of children is also found out in the online sites and parents can try out these activities with their children while they are at home. Getting education from a school that implements total development program is much beneficial. Search for such schools and secure admission to enhance the future of the children and boosts in brain development.