WebJan 18, 2024 · The Federal Trade Commission just announced that it reached a $1.7 million settlement with WealthPress, resolving allegations that the company deceived consumers with "outlandish and false claims" about its investment advisory services.. If you're making earnings claims in your advertising, you'd better make sure, of course, that … WebJan 24, 2024 · The FTC’s complaint against WealthPress alleged that the company misled subscribers about the likelihood that they would make substantial profits, and that it continued to do so after receiving two Notices of Penalty Offenses identifying its conduct as unfair or deceptive: a notice concerning money-making opportunities and a notice …
FTC Suit Requires Investment Advice Company …
http://arsa.org/wp-content/uploads/2024/04/ARSA-FTCNixingtheFixComments-20240429.pdf WebJan 25, 2024 · On January 13, the FTC announced a settlement with WealthPress, an online service provider that recommends trades in financial markets. The settlement resolved allegations that WealthPress violated both the Restore Online Shoppers’ Confidence Act (ROSCA) and Section 5 by making false and misleading claims about … tire bags storage canadian tire
FTC Sends Penalty Offense Notices to Nearly 700 Companies …
WebJan 15, 2024 · The FTC’s complaint against WealthPress and its owners, Roger Scott and Conor Lynch, alleges that the company used deceptive claims to sell consumers investment advising services—often claiming that the services’ recommendations were based on a specific “system” or “strategy” created by a purported expert. The company charged ... WebJan 13, 2024 · To settle the FTC’s allegations, WealthPress has agreed to stop making deceptive or misleading claims about earnings. WealthPress will also pay more than $1.7 million to settle the case, with $1.2 million … WebJan 16, 2024 · To settle the FTC’s allegations, WealthPress has agreed to stop making deceptive or misleading claims about earnings. WealthPress will also pay more than $1.7 million to settle the case, with $1.2 million going back to the people affected. Stay tuned for more information on refunds. tire attachment for air compressor