Tip Tiff: Newsletters VS. the SEC

Newsletters VS. the SEC

While the stock market has drifted aimlessly for the past 18 months, the growth of newsletters that offer investment advice has been almost straight up. Since 1970, the number of tip sheets devoted to picking everything from stocks to crops has doubled, to more than 700. That rapid growth has caught the eye of the Securities and Exchange Commission, which has been cracking down on fraud within the financial newsletter industry. The agency has hauled six market-advice publishers into court since 1981 on such charges as making false advertising claims and has launched administrative actions against a dozen more.

Now the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!