Porter Stansberry is an editor of an online investment newsletter company, Pirate Investor which is subsidiary of Agora Inc. He was the founder of an investment research company, named Stansberry & Associates Investment Research. He is known by some investors as a liar who deliberately trick them by promising an inside information from a company by paying an amount of money. He is also known for his prediction about the end of financial leader country, America, which will end in riot and protest. His prediction in Europe is that Italy will be the next country to fall after Greece and that Germany will leave European Union in the near future. Lately he posted an article about Wall Street Lies
Security Exchange Comission sued stansberry research company for conducting fraudulent intentionally toward investors by giving false information. Stansberry sent newsletters to 800,000 subscribers informing that they will get precious information from inside a company if they pay $1,000. This statement was signed by a person named Jay McDaniel (a pseudonym) who claimed as the senior director of that company. The purchasers were informed that this company, USEC Inc, a service company in uranium field, was to sign a contract on a certain date and that the stockprice will be expected to rise. After the date came, investors found that there were no such thing happened with the company.
SEC had sued, then Stansberry appealed, and USEC Inc. was not at fault. His appeal was actually denied. The latest article from him says that Wall Street has lied to investors. He stated that almost all broker companies where investors rely on, are working for companies selling stocks. They don’t work for investors, as Stansberry said. Brokerage exists to sell companies’ stocks to investors, meaning that they are paid by the companies for investors to buy their stocks. He thinks that there is conspiracy theory.









