Stock Market Authority Reviews – Legit or Scam?

 


SMAuthority.com
from 3 reviews Review It
SMAuthority.com

 

The Stock Market Authority, at SMAuthority.com, claims to be a “research based financial publishing company,” where investors can find information regarding the newest and hottest stocks.

According to their website, Stock Market Authority is intended to empower their members for dealing with the volatile markets. Or, as their founder, Eliott Dobbs, says “To put it simply, we specialize in making people large gains on their money.”

Membership at Stock Market Authority is free, for both their Basic Membership and their Premium Membership. With membership, you receive weekly issues of analysts’ look at the markets, special reports, and the SMA Member’s Area, which gives you access to all past issues of SMA’s newsletters.

What is a Financial Publishing Company?

Like Stansberry Research or Agora Financial, Stock Market Authority publishes newsletters written by various independent sources that have a financial focus.

However, none of these companies are financial advisory companies. And though they promote certain stocks for purchase, they do not employ certified stock analysts, advisors, brokers, etc.

Some of these financial publishing companies are just hubs for independent people to publish newsletters. Some are websites where people publish their personal opinions on the market and promote them as a good way to invest your money.

Some of these companies are actually advertising companies, under contract with the very company’s whose stock they are advertising, or with other companies who are dictating what stock they should promote.

What Kind of Publishing Company is Stock Market Authority?

Stock Market Authority is actually an advertising company.

In their disclaimer, Stock Market Authority discloses that it is paid by interested parties to “provide public awareness” of companies that have affordable stocks which can be purchased by SMA members.

Generally these are penny stocks, or stocks valued as low as $1.00, and therefore can be purchased by large amounts of members. These types of stocks are also incredibly easy to manipulate, and can often result in quick gains and just as quick losses.

SMA says that all of their recommended companies should be evaluated by an independent financial advisor before you invest, and if you are going to take investment advice from an advertisement company, this is definitely the best advice.

 

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Customer Responses, Reviews, or Complaints


Average Rating for " SMAuthority.com " is 1.33 out of 5 based on 3 reviews.

  • Rating
      
    Bruce says:

    January 4th, 2014 at 3:38 pm

    They have taken $2000 from me on the premise that if I don’t like their product I can get the money back. This was 8 months ago and I still don’t have the money back. They keep coming up with excuses that their vendor has put a hold on their money. I am all for a class action law suit to bring them to justice. They are a big SCAM.

    REPLY
  • Rating
      
    Jonathan says:

    December 15th, 2013 at 10:05 pm

    Market Authority is trying to work me over. I told them I wanted my money back. They are stalling for time by offering me other deals to try to keep my money. This is and expense service $997 dollars to join and they said they would refund your money if not satisfied.

    Jonathan

    REPLY
  • Rating
      
    BRAD says:

    December 12th, 2013 at 12:50 am

    MARKET AUTHORITY IS A FRAUD AND A SCAM. I GAVE THEM $1,000 TO JOIN AND FOR THREE WEEKS ALL I DID WAS LOSE MONEY FOLLOWING THERE ADVICE! I ASKED FOR A REFUND PER THERE GUARANTEE AND I WAS TOLD IT TAKES 2 WEEKS TO PROCESS. THAT WAS ABOUT 6 WEEKS AGO. NOW THEY TELL ME THEY ARE WAITING FOR THERE VENDOR TO RELEASE MY MONEY. YEAH RIGHT. TOTAL FRAUD AND LIARS. LETS DO A CLASS ACTION LAWSUIT AND PUT THEM IN PRISON!

    REPLY

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