"An Irvine-based stock-trading school has agreed to pay what amounts to a $10 million penalty — a sum that includes the company founder’s Bentley — to settle a dispute with federal regulators over alleged “get-rich-quick” marketing practices.
Online Trading Academy and the Federal Trade Commission announced settlements to lawsuits filed earlier this year in which regulators claimed the school misled its customers as “the company’s own surveys and third party trading data showed that most purchasers made little to no money.”
The school said in a statement that it was ready for its “next chapter” as it ended “what primarily amounted to a dispute over marketing.”
https://www.mercurynews.com/2020/09...demy-in-irvine-to-pay-10-million-ftc-penalty/
Online Trading Academy and the Federal Trade Commission announced settlements to lawsuits filed earlier this year in which regulators claimed the school misled its customers as “the company’s own surveys and third party trading data showed that most purchasers made little to no money.”
The school said in a statement that it was ready for its “next chapter” as it ended “what primarily amounted to a dispute over marketing.”
https://www.mercurynews.com/2020/09...demy-in-irvine-to-pay-10-million-ftc-penalty/