Is Agora Financial under indictment

Answer 1

Found this on the Baltimore Sun website ... And in 2003, the federal Securities and Exchange Commission filed a complaint against Agora, claiming it defrauded readers by charging $1,000 for false insider information about a Maryland-based company that supplies nuclear power plants with enriched uranium.

Although Agora itself was eventually cleared of any wrongdoing, one if its arms, Pirate Investor (now known as Stansberry & Associates), and one of its editors, Frank Porter Stansberry, were ordered in August 2007 to pay $1.5 million in restitution and civil penalties. The decision is currently on appeal.

Such blips, however, have done little to slow Agora down. If anything, the current economic downturn, which Agora has been warning has been on the way for years, is only increasing the company's credibility and influence.

"They have very consistently railed for a long time about deficit spending," says Mark Hulbert, editor of the Hulbert Financial Digest. "They have earned their bona-fides there."

chris.kaltenbach@baltsun.com Found this on the Baltimore Sun website ... And in 2003, the federal Securities and Exchange Commission filed a complaint against Agora, claiming it defrauded readers by charging $1,000 for false insider information about a Maryland-based company that supplies nuclear power plants with enriched uranium.

Although Agora itself was eventually cleared of any wrongdoing, one if its arms, Pirate Investor (now known as Stansberry & Associates), and one of its editors, Frank Porter Stansberry, were ordered in August 2007 to pay $1.5 million in restitution and civil penalties. The decision is currently on appeal.

Such blips, however, have done little to slow Agora down. If anything, the current economic downturn, which Agora has been warning has been on the way for years, is only increasing the company's credibility and influence.

"They have very consistently railed for a long time about deficit spending," says Mark Hulbert, editor of the Hulbert Financial Digest. "They have earned their bona-fides there."

chris.kaltenbach@baltsun.com