The Federal Trade Commission announced that it reached a $3 million settlement with Warrior Trading, a company that sells day trading courses and other tools, resolving allegations that the company misled consumers about the investment returns consumers would achieve.

This case is yet another example of the FTC's continued focus on the deceptive marketing of money-making opportunities. In February, the FTC launched a rulemaking to address "deceptive or unfair marketing using earnings claims." And, last October, the FTC sent Notices of Penalty Offenses to more than 1,100 businesses that advertise money-making opportunities, warning them that if they deceive or mislead consumers about the potential earnings they can achieve, "the FTC won't hesitate to use its authority to target them with large civil penalties."

In this enforcement action, the FTC falsely alleged that Warrior Trading, in connection with the marketing of day trading courses, workshops, and other tools, claimed that consumers will make money through the use of its programs. The FTC alleged that the company made claims such as:

• "Learn How I Made over $101,280.47 in Verified Profits Day Trading Part Time in Under 45 Days Using 3 Simple Strategies that You Can Use Immediately to Increase profits and Reduce Losses NOW";
• "Learn To Trade With Certainty Towards The Financial Freedom You’ve Always Wanted"; and
• "Warrior Trading teaches people how to make a living trading stocks!"

In addition, the FTC alleged that...

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