Friday, July 01, 2005

SEC warns investors on Internet "auto-trading"

Via Reuters.

U.S. market regulators warned investors on Friday to be wary of a new type of online investment vehicle and filed civil fraud charges against a small Internet investment advisory firm called Terry's Tips Inc.

The Securities and Exchange Commission accused Terry's Tips, based in Vermont, and its founder Terry Allen of promising clients misleadingly large investment returns in marketing the firm's auto-trading programs.


posted by Fergie @ 7/01/2005 09:59:00 AM

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