A couple million dollars' worth of refunds have started being distributed to customers of the online stock trading website Raging Bull, the FTC announced Monday.
that the defendants in the case "represent[ed], directly or indirectly, expressly or by implication, that consumers who purchase Raging Bull’s services will earn or are likely to earn substantial income," characterizations that were purportedly "false, misleading, or were not substantiated at the time the representations were made.
The company called the FTC’s claims "baseless" and characterized the settlement as a "total vindication" in a on the Raging Bull website. It also said there wasn’t "any admission of liability" in the settlement.earnings claims without data to back it up and the required offering of an "easy method to cancel their subscriptions," among other things, according to the FTC.
For the Raging Bull refunds, the deadline to accept the PayPal payment is 30 days after receipt, the FTC said Monday.For the Raging Bull refunds, the deadline to accept the PayPal payment is 30 days after receipt, the FTC said Monday. Those who would rather get the refund in the form of a check can request that by calling the commission’s refund administrator.
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