In January 2001, an investment trading software company that used theoretical past earnings charts to sell a high-priced software program agreed to settle Federal Trade Commission charges that its claims were deceptive, in violation of federal law. The proposed settlement requires substantiation for any future earnings claims; bars misrepresentations that simulated earnings data represent actual trading results; and requires prominent disclosure of the high-risk nature of stock trading.
Investment Software Vendors Settle FTC Charges
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