Red Option v Terry's Tips

Discussion in 'Options' started by sharrig, Aug 31, 2005.

  1. sharrig


    Has anybody subscribed to either Red Option or Terry's Tips. If yes, how have you found their service especially their recommendations and success rate.

    Has anybody found a better company/service than either of the one's mentioned above.

    Thanks for your help

  2. I am sure it's successful for TOS and their commission revs.
    Litigation Release No. 19291 / June 30, 2005
    S.E.C. v. Terry's Tips, Inc. and Terry F. Allen, Docket No. 2:05-cv-188 (U.S.D.C., D.Vt.)
    The Securities and Exchange Commission filed a complaint in the United States District Court for the District of Vermont, on June 30, 2005, seeking a permanent injunction against Terry's Tips, Inc., a Vermont corportation and Terry F. Allen for violations of the antifraud provisions of the Securities Exchange Ac of 1934 and the Investment Advisers Act related to their operation of "autotrading" programs.

    The complaint alleges that Terry's Tips and Allen have had more than 1200 clients who have invested through its autotrading programs. The complaint also alleges that Terry's Tips and Allen published performance projections in which they stated subscribers could expect annualized returns of 100% by following Allen's trading strategies, while at the same time portfolios following these strategies were actually experiencing substantial losses.