September 14, 2020
The Federal Trade Commission has reached a settlement with the company behind a trading program known as Online Trading Academy, which includes a $362 million judgment that the agency has agreed to forgo so long as OTA hasn't misrepresented its assets and three of its officers pay smaller monetary judgments.
February 12, 2020
A purported investment training program called Online Trading Academy raked in $370 million by lying about its success to lure prospective retirement-age students into paying up to $50,000 per class, the Federal Trade Commission said in a California federal court complaint Wednesday.