Stansberry Investments
Complaint 26623 Details

This financial services advisory alleges to provide knowledgeable investment advice. After paying $2000 for lifetime services 5 years ago, their advice has cost me over $60,000 in losses. Many of the companies they purported to have carefully researched went bankrupt or had significant fraud issues that arose shortly after Stansberry’s recommendations.

Even with my almost daily portfolio monitoring and tight stop orders, I have been confronted with overnight stock plunges time after time, that I could do nothing about. Several months ago one of their recommendations plunged almost 90% overnight.

I don’t know if they are driving up the prices with recommendations and then shorting these stocks themselves, or what, but the coincidences are extraordinarily strong that all is not on the up and up.

They have refused to refund my lifetime subscription fee, and ON TOP OF THAT they have advised me that if I don’t pay an annual renewal fee that they will cut me off. Double jeopardy here!

Worse yet is their political tirades and rants against the government that goes beyond reasonable newsletter content. It borders more on treason than sound advice.

In my humble opinion, this is the sleaziest vendor I think I have ever dealt with.