Comments received during this period will become part of the public record.
Respondents sell and distribute recommendations for trading stock.
This matter concerns allegedly deceptive representations of the earnings and profit potential, as well as the extent of risk involved in using respondents' stock trading program. In addition, the complaint alleges that respondents misrepresented that users of their trading programs can reasonably expect to trade stocks profitably with little or no risk. The proposed consent order contains provisions designed to prevent respondents from engaging in similar acts and practices in the future. Part I also requires respondents to possess a reasonable basis substantiating claims about any financial benefit or other benefit from any trading program. It also prohibits respondents from misrepresenting that users of any trading program can reasonably expect to trade with little or no financial risk and from misrepresenting the extent of risk to which users of any such program are exposed.