Dan Frishberg apparently in violation of SEC order not to offer Investment Advice. Will there ever be Justice in this case?

Hello everyone Dan, here. How often do you hear yourself saying “no I haven’t looked at that yet, but I’ve been meaning to?”

Thus began an email written to my by none other than Dan Frishberg.  Yes, Dan Frishberg of disgraced BizRadio fame, the same Dan Frishberg that is banned from the SEC in offering investment advice…not that it seems the SEC has any teeth when it comes to Dan and his continued radio commentary.

I just read yet another email from a frustrated trader telling me that the trading techniques, the pattern recognition software, or the black box strategies that he believed in are simply not working.

Wow…again I’m confused.  You received “yet another email from a frustrated trader” – but Dan you’re not supposed to be offering investment advice so why would you be receiving any emails from traders?  What am I missing here?

Brokers are telling their customers to ignore their losses and hang on, but that’s what they always say. Sometimes that advice works, but it has also resulted in some of the biggest losses in the past twenty years.

Oh my…”some of the biggest losses in the past twenty years” – wonder if that isn’t exactly what happened to people – good folks who couldn’t afford to lose – when they listened to your line about BizRadio and why they should invest in you.  Dan tell me – if they lost in you, why should they now listen to you – especially when you’re not supposed to be offering investment advice?  Damn this perplexes me!

One listener said he has finally realized technical analysis doesn’t work. This isn’t true, the current price is unquestionably a key part of the story but this is only part of it.

Only part of the story…seems that’s a mantra for you.  Has anyone who invested with you in BizRadio ever gotten the truth – the full story or even as much as an apology?

The paradox of investing is – it’s easy to make money when you stop searching for the easy answer.

Yet you and Al Kaleta offered “easy answers” to investors who by all accounts were defrauded.  Have you made restitution?  Have you made it easy for them to recover their monies?

Instead, get an update on what’s working now — the most up to the minute insight into the trends, turning points, and my best stock and option trade ideas in my all new newsletter, Whats Working Now.

You do have a big set of (whatever)…get “my best stock and option trade ideas” – good lord is that not in direct violation of the SEC requirement that you not offer investment advice?  Justice?  Doesn’t seem to be any here!

CLICK HERE – (I disabled this link as I’m not giving Dan Frishberg a link from my blog)

DANIEL FRISHBERG
THE MONEYMAN REPORT
themoneyman.com

YOUR COMMENTS ARE WELCOME!

About these ads

10 Responses to Dan Frishberg apparently in violation of SEC order not to offer Investment Advice. Will there ever be Justice in this case?

  1. Scammed says:

    The SEC decree was a just a small speed bump for Daniel Frishberg. Our regulators appear to be toothless. Tim McCole, SEC lead for Frishberg/Kaleta/BizRadio investigation was informed of similar letters last year by phone and email. As far as I know, nothing ever came of it.

  2. Biz-free says:

    I have been sending the SEC updates as well. I just don’t understand. I continue to run into people who were victims, very sad..

  3. glen says:

    Frishberg’s current website…. http://www.themoneyman.com/

    WHAT’S WORKING NOW: TRENDS, TURNING POINTS, AND MY BEST STOCK AND OPTION TRADE IDEAS

  4. Ex-employee says:

    I think he should be called the loop-hole man. The SEC is just informing him what not to do, but he finds way around legalities (and moralities). Googling Elisea Frishberg, she apparently now has an investment firm “Investing Without Borders”, and since the last time I read about her a few months ago, she now has a J.D. in law. I worked for BizRadio and never knew she had an advanced law degree. Also, she couldn’t balance a check-book and now she’s giving financial advice. Unbelievable.

  5. PIst off Investor says:

    DON’T GET ROBBED BY THIS PACK OF CRIMINALS, DON’T BE THEIR NEXT VICTIM. FOR ANYONE LISTENING TO THESE TWO BAFFOONS OF THE FRISHBERGS! DON’T! THEY WILL SCHEME TO CLAW THEIR WAY INTO YOUR WALLET, LIKE THEY DID WITH SO MANY HOUSTONIANS. THEY ARE EVIL AND GREEDY. THEY WILL STEAL YOUR MONEY. BE SUPER CAREFUL. GET AWAY FROM THEM. IF HE IS GIVING YOU FINANCIAL ADVISE: REPORT HIM TO THE SEC. HE IS NOT TO OFFER ANY TYPE OF FINANCIAL ADVISE. HE HAS BEEN STRIPPED OF HIS LICENSE!!!! THEY ARE THE WORST OF THE WORST HUMAN GARBAGE.

  6. cbroouse says:

    I hope they both get arrested soon and go to prison, so that her little financial advise “scam” is halted. They deserve destruction, just like the destruction they left behind in Houston.

    • Scammed Investor says:

      See Dallas SEC email response to inquiry dated May 16, 2011. I have no expectations SEC will enforce their Daniel Frishberg order.

      Dear Mr. xxxxxxxxx,

      Thank you for your comments to the U.S. Securities and Exchange Commission.

      We welcome your comments because they help us to regulate and enforce the laws that assure fair and orderly securities markets.

      I have passed your views on to the people at the SEC who specialize in the issues you’ve raised. If they have any questions or wish to respond directly to your comments, they will contact you.

      Once again, thank you for taking the time to inform us of your views.

      Respectfully,

      Farol Parco
      Investor Assistance Specialist, SEC

      From: xxxxxxxxxxxxx
      Sent: Monday, May 16, 2011 6:54 PM
      To: dfw
      Cc: Chuck Gallagher
      Subject: Rose Romeo – Frishberg Keynote Speaker Barrignton Financial May 18

      If Daniel Frishberg “agreed to be barred from association with any investment adviser or certain other registered entities” as the SEC filing states, why is the SEC allowing Frishberg to deliver the keynote address at the Barrington Financial Investment Strategy Conference, starting at 7pm, at the Marinas Resort Hotel, on 18683 Collins Avenue, in beautiful Sunny Isle, FL on May 18th, 2011?

      Please explain.

  7. C.B. says:

    WELL FINANLLY AN AGREEMENT WITH THE RECIEVER. HE AGREED TO PAY ONE MILLION DOLLARS TO THE KCM ESTATE. HE IS SOMEONE I ABSOLUTELY WISH HIM EVIL ON HIM AND I HOPE HE ROTS IN HELL. THEY BOTH ARE DISGUSTING PIECES OF GARBAGE. FOR ALL THAT HE STOLE, ALL HE HAS TO PAY IN A LOUSY MILLION DOLLARS IN MEASLY $1000 EVERY QUARTER. WHAT A SLAP IN THE FACE FOR ALL THE CHEATED INVESTORS. AND NO ONE HAS PRESSED CRIMINAL CHARGES YET AGAINST THESE PACK OF CROOKS.

  8. C.B. says:

    FOR DETAILS GO TO http://www.kaletacapitalmanagement.com YES, ITS PUBLIC IFORMATION.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 21,956 other followers

%d bloggers like this: