Advisor Make Money - Trading
- on 05.03.08
- Advisor Make Money - Trading
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Advisor Make Money - Trading: In a coordinated crackdown on deceptive day trading promotions, the Federal Trade Commission, Commodity Futures Trading Commission, and Securities and Exchange Commission have halted the claims of 14 online firms that promised to share the secrets of making easy money with little risk, using their day trading strategies. Day traders attempt to make money buying and selling stocks or other investments over a very short time period - usually in the same day. 3
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Advisor Make Money: The FTC alleged that Ellery Coleman and Granite Investments made unsubstantiated claims that users of their programs can expect to achieve substantial profits consistently and that trades recommended by their trading programs were actually made and resulted in substantial profits. The agency also charged that Coleman misrepresented that he used his own program to trade profitably on his own behalf, that testimonials in his ads reflect the actual experiences of consumers who use his program, and that consumers can reasonably expect to trade profitably with little financial risk. 3
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