Succeeding at day trading is notoriously difficult. Two men face charges for setting up an operation where would-be traders never even got the chance.

Also read:The odds of day trading to a profit aren’t good

According to the Securities and Exchange Commission and the U.S. attorney for the District of New Jersey, individual investors were solicited by what was called Nonko Trading to set up accounts and wire thousand of dollars. The prospective day traders were offered low minimum deposits, low commissions and margin ratios of 20-to-1.