- Report: #1118377
Report - Rebuttal - Arbitrate
Complaint Review: Ian Cooper from Market Authority
Ian Cooper from Market Authority901 Rio Grande NW Suite D220A Albequerque, New Mexico USA
Ian Cooper from Market Authority Speed Retirement System Beware of Speed Retirement System by Ian L. Cooper! Albequerque New Mexico
*REBUTTAL Individual responds: track record
*REBUTTAL Individual responds: Hi… it's Ian
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I purchased a membership to Ian Cooper's Speed Retirement System in January 2013. I opened a brokerage account to follow his trade recommendations in trading options. He charged my $297 per quarter for his advice. He claims to be able to make you enough money to be able to retire in 5 years. I was willing to give it up to 12 years. By August, my account was sitting at only $6000. I complained to Market Authority, the company that Ian works for, and they gave me 3 free months. They billed me erroneously during that time, but they did rectify their error by extending my membership. I would routinely participate in Ian's webinars and I would ask questions, both critical and supportive ones. Whenever I submitted a concern via Market Authority's customer support web portal, I never got an answer from Ian himself, just a glib "Ian has confidence in all open positions" reply. As of the close of the market Friday, and after 13 months with Speed Retirement System, my account is sitting at $4800. This means I have lost a good chunk of my hard-earned money, gone forever no doubt. During one of his recent webinars, I mentioned, and Ian read out that my account was seriously down. He said he wanted to chat with me about it, because he couldn't understand how this could be. He claims to have a rate of return over the same period of over 400%! I sent him an email offering to phone him or to show him a spreadsheet of all of my trades. I even couched it in "please just help me to understand what I am doing wrong" language, but I have heard nothing to date.
Beware! The "speed retirement" is Ian's not yours if you buy this product! I can verify my situation for anyone who cares to ask.
This report was posted on Ripoff Report on 01/25/2014 09:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/Ian-Cooper-from-Market-Authority/Albequerque-New-Mexico-87104/Ian-Cooper-from-Market-Authority-Speed-Retirement-System-Beware-of-Speed-Retirement-Syste-1118377. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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