Online Investment Site Settles With FTC, $2.4M Fine – Finance and Banking

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Online Investment Site Settles With FTC, $2.4M Fine

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On March 8, the FTC settled with the operators of
an online stock trading platform over allegations that the
operators fraudulently marketed investment-related services that
they claimed would enable consumers to make consistent profits and
beat the market. FTC alleged that the consumers were misled and
those who subscribed to the operators’ stock and option trading
services were trapped into hard-to-cancel subscription plans with
costly charges.

According to the complaint, the operators
violated the…

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