August 15, 2024
A New York federal judge ruled Thursday that an exclusion to the Investment Advisers Act applies to the investing analysis website Seeking Alpha, dismissing a proposed class action from subscribers who accused the site of serving as an unregistered investment adviser and unlawfully collecting subscription fees.
October 18, 2023
Investing analysis website Seeking Alpha urged a New York federal judge Tuesday to dismiss a suit accusing it of improperly collecting $40 million in annual subscription revenue because it's not registered as an investment adviser, saying there is no investment advisory contract between it and its subscribers.
July 11, 2023
Investing analysis website Seeking Alpha Inc. has been hit with a proposed class action by a pair of subscribers to its premium service who claim the company must register as an investment adviser and has improperly been collecting more than $40 million in subscription revenue annually.