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Message:: [QUOTE="V. Kurt Bellman, post: 2297236, member: 71723"]This further, from The Baltimore Sun in 2003: "It's a hard sell designed to grab attention in a market crowded with big-name market gurus and forecasters, and it works. Agora's success has paid for founder and President William Bonner's (Longnine's hero) chateau in France, and placed him and a few partners among the top five newsletter publishers in the United States. I would say what makes [Bonner] tick is creating and publishing ideas," said Myles Norin, chief executive of Agora's U.S. operations, which account for 60 percent to 70 percent of its sales. "It's not just chasing profits." But the Securities and Exchange Commission says the company's aggressive tactics have pushed the legal envelope. In a complaint filed last week in U.S. District Court in Baltimore, the federal agency claims that Agora defrauded its readers last year by charging $1,000 for false insider information about USEC Inc., a Maryland company that supplies nuclear power plants with enriched uranium. USEC said it never gave Agora editor Frank Porter Stansberry inside information and is cooperating with the SEC. The allegation is part of a pattern of behavior at Agora that the SEC says goes too far. It is asking the court to order the company to stop making false statements in its newsletters and return profits of more than $1 million, among other things. "We feel there is a need for the court to issue an injunction because we believe there is a likelihood they will do this again," said Ken Israel, an SEC attorney familiar with the case."<img src="http://articles.baltimoresun.com/images/pixel.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]

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