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For Release,
FTC complaint charged Dennis with deceiving consumers out of $40 million; Supreme Court’s decision in AMG case prevents agency from getting money back for consumers,
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Kyle Dennis, a supposed stock trading “guru†for RagingBull.com who was charged by the Federal Trade Commission with pitching bogus stock tips that cost consumers more than $40 million, will face a permanent injunction preventing him from making further false earnings claims or other false or misleading marketing claims as a result of the FTC’s case against him.
The FTC brought its complaint against Dennis, along with RagingBull.com and its owners, in December 2020. The complaint, amended in March 2022, charged that Dennis made numerous false claims in online videos and seminars, including the claim that consumers who receive his stock tips or use his trading strategy could make 100 percent trading profits in “just one to three days,†and a guarantee that consumers would make more than a thousand dollars on a single trade.
