‘Taifa Leo’ recently carried an article on the putative investment company VIPortal. The Limuru-based company claims to deal in forex and commodity derivatives and promises a monthly rate of return greater than 80% to prospective clients. On their site, the company claims to be a forex broker, and the site carries many of the trappings. In fact, they claim to be an ECN platform (ECN platforms are cutting-edge and it is simply not plausible that a company operating out of ‘Ushirika House’ in Limuru could operate an ECN platform). Well, I do not know anybody who has traded with VIPORTAL so I cannot tell whether they really offer brokerage services- much less whether they truly do have an ECN platform. What has me concerned is their managed accounts: what is known as PAMM. PAMM stands for Percentage Allocation Management Module. In simple terms, when you open a managed account, an expert plays the market using your money, and you split the profits according to a pre-deter...