Report: #474291

Complaint Review: Better Trades

  • Submitted: Tue, July 28, 2009
  • Updated: Wed, September 09, 2009
  • Reported By: palatine Illinois
  • Better Trades

Better Trades the company is taking advantage of individuals Savanaugh georgia

* : The Truth

Show customers why they should trust your business over your competitors...

Better trades offers free seminar after a T.V. testimonial. They act like they will help you make money at the initial session. Give a I was so poor until I came here story....

Several thousand dollars later you are in a class where a man is pretending to be an adviser, but he is not legally able to give advise. Although that's what they claim they will do is help you make money advise... or not... they walk a fine legal line... crossing it in my opinion in the seminar.... He puts down brokers and brags of big profits. Yet they cannot give advise on making trades, because then they are not regulated as advisers.....

The tools you have are no good for the seminar, you need to spend several thousand more dollars, for the software they use to educate..... How the SEC lets this go on is obvious, the are not advisers and do not come under the regulatory compliance rules. I contend they give plenty of advise I witnessed the advise in the seminar... Don't go with a broker.... That's good advise????

Bernie took the rich folks money and better trades is taking the poor folks money. The regulatory body is sleeping and needs to wake up with these folks.
These guys are preying on the ignorant with options which are very complex financial instruments, not for the average investor.........

Hope this helps stop some of the poor folks considering spending thousands.....

palatine, Illinois
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This report was posted on Ripoff Report on 07/28/2009 03:35 PM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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The Truth

AUTHOR: Thetruth - (USA)

Lets get some facts straight! Freddie Rick did not serve on the board of TPN/Primstar - TPN was a completely seperate company - Freddy was merely a distributor who was actually removed from the company for his activities. Including lying, cheating, alcholism and beating his wife. It's all in cout documents and can be verified! He was NEVER named "Marine of the year" far east. Bottom line Freddy is a scam artist. Does anyone really believe the people he has worrking 16 hour days for weeks at a time would be doing it if they could sit home in their underware and make all this money trading? PLEASE - there are far better forms of benevolance then charging people 3k-6k and more because you were "called to help".

I know Freddy very well as well as one of his instructors who tried to recruit me. I said John - why are you working like this - living in hotels - when, if this program worked, you could sit home and earn far more. He told me he made 180k the prior year - 0 from trading. Didn't even trade!!  AMAZING!!  Wonder what he knows. None of it is true - Freddy's whole story is either a flat out lie or embellished beyond recognition. Why would any of these so called trading experts - be living in hotels - working 16 hour days - when they could make more at home - "in there underware". As of the year 2000 - I don't think Freddy ever ownwd a stock - but he has figured out how to beat the system - haveing people sell the course who don't even use it!!  Freddy always has and always will be a scam artist. He has never been hired by large companies for his "training or public speaking skills". He has a somewhat amusing - good old boy talk taht grows old very quickly!!  Thats why he is always seeking a new audience.

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