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Violation Tracker Individual Record

Company: RagingBull.com
Penalty: $2,425,000
Year: 2022
Date: March 8, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The operators of RagingBull.com, an online stock trading site that used bogus earnings claims to trick consumers into signing up for services and then trapped them into hard-to-cancel subscription plans with costly charges,will be required to pay $2.425 million, end the earnings deception, get affirmative approval from consumers for subscription sign ups, and provide them with a simple method to cancel recurring charges.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.