Two Firsts for FTC Civil Penalty Enforcement

| 5 min

On Friday, the FTC announced what would ordinarily be an unremarkable enforcement action against a company for unsubstantiated earnings claims. The FTC alleges that WealthPress, an investment advice company purporting to offer training from experts on trading strategies, made a series of unsubstantiated earnings claims such as make $24,840 or more every single week,” track the BIG money,” and the opportunity may quite literally transform your life.”