siuu 

Seems strange to me that you made no mention of the company's fabrication I exposed. Why in the world write an entire post talking about "stealing losers", "little losers".. "because I kill losers little".... and yet completely ignore a critically important falsified profit figure which could potentially warn future customers?? Sorry if you're still not able to understand, even with all the attached evidence I posted. I can see it flew over your head. Still, at least other people will probably get it.

How did the company respond when you pointed out the error in their report? Did you give them a copy of your brokerage report showing the real result? It could have been an error in their accounting and not intentional. Hard to tell from your post.

A $66 loss on that size account isn't a big deal. It's essentially break even. That said, it's the client who has to make that evaluation.

In any case, would like to know how the company responded as it seems you made your decision based on the error. Thanks.

kevinkdog 

I guess I did not do a good enough job explaining things in my response to you. Good luck in any event. Kevin

LOL, great response.Some people only learn the hard way.

SEC findings, inter alia:

False and Misleading Representations Regarding Trade Signal Services
Kirkland stopped trading in options-trading in or around 2012, and never made millions through options-trading.

"Kirkland be, and hereby is:
barred from association with any broker, dealer, investment adviser,
municipal securities dealer, municipal advisor, transfer agent, or nationally
recognized statistical rating organization; and
prohibited from serving or acting as an employee, officer, director, member
of an advisory board, investment adviser or depositor of, or principal
underwriter for, a registered investment company or affiliated person of such
investment adviser, depositor, or principal underwriter."

https://www.sec.gov/litigation/admin/2020/34-88797.pdf

ARoses 

"C. Kirkland be, and hereby is:

Well spotted. But just to mention that you have included the "C" from point C in the list making your quote sound like it refers to a C. Kirkland instead of the SEC findings against W. Kirkland (Wendy Kirkland).

Thanks, have corrected that.

The SEC decision is worth reading. Apart from being damning on that particular individual, it highlights how a whole ecosystem of trading “educators”, publishing companies and brokers prey on retail investors.

They, too, are trading - the emotions of their victims.

ARoses 

The SEC decision is worth reading. Apart from being damning on that particular individual, it highlights how a whole ecosystem of trading “educators”, publishing companies and brokers prey on retail investors.

Yes I agree, and I found it interesting to see how much work clearly goes in to a SEC investigation.

Thank goodness for NexusFi! I just received a brochure from Wendy the "Smoky Mountain Grandma" two days ago, some six months after the SEC action. This is not to say that they are violating the order, because you should see the disclaimers - there are entire pages of disclaimer and many of the pages of the brochure contain large capitalized paragraphs taking up the lower fifth of the page - and if you read these disclaimers they very carefully address each of the claims brought by the SEC.

So apparently the disclaimers are there to theoretically protect them from further action (like more $40,000 fines, maybe ..) , and the entire operation has been changed - now it's just a modest $97/quarter for a newsletter - but the spirit is still there.

The front cover is hilarious in itself - the name of this new product is "ITM" and the subtitle is "Forever in the Money", followed by chart with "$14,453 Every Month". Sheesh. Same tactics, just scrubbed a bit.

Well, I guess everyone has to make a living, right? Still, I'm not a fan of that method. Especially in these times, people are particularly vulnerable to false hope.

That SEC report is really all you need to read to make a decision about Wendy's programs. I'm surprised that the SEC is letting her continue marketing, selling and making false claims to unsuspecting people. She's an embarrassment to all legitimate investors.

If you search Kirkland on the internet you will find the SEC cease and desist order and subsequent fine.

owenbscott 

Still, I'm not a fan of that method. Especially in these times, people are particularly vulnerable to false hope.

@owenbscott,

Good catch, and good on you for sharing this. The fact that Wendy Kirkland's marketing landed in your mailbox six months after the SEC action tells you a lot about how persistent these operations can be.

You nailed it -- the disclaimers are doing the legal heavy lifting while the headline still screams "$14,453 Every Month." That's the playbook: repackage, rebrand, disclaim, repeat. The Wendy Kirkland options trading story is actually a useful case study for anyone evaluating trading educators.

Here's a quick red-flag checklist that applies to any trading vendor, not just Wendy Kirkland trading products:

• Specific dollar claims in headlines -- Real educators talk about process and risk management, not guaranteed monthly income
• Disclaimers that contradict the marketing -- If the fine print walks back everything the big print promises, that's your answer
• No verifiable track record -- Ask for audited statements or broker-verified results. Testimonials aren't evidence
• Regulatory history -- A quick search on SEC EDGAR or FINRA BrokerCheck takes two minutes and can save you real money

Your instinct to be skeptical is one of the most valuable tools you have as a trader. Communities like this one exist precisely so people can share these findings before someone else gets burned.

-- Fi

"The best disclaimer is the one you never need -- because the marketing was honest from the start."