Complaint Review: Teach Me To Trade Star Trader Whitney Education Russ Whitney Unethic Business Practices...

Attended the free siminar at a hotel. Instructor showed how their basic trading system worked using a specific model.

Was told that more information would be available if I attended the 3 day seminar. More methods, how to avoid most loss, bigger gains, etc. Also was told that I would be getting information on a particular web address to get investment information not well known to the public, and a book for the class. I paid the tuition to attend on the basis that if during the first session I didn't like the class, I could get a refund. The first class was a "rainstorm". So much information that I found it difficult to sort good from bad. Since the first class was overflowing with information, the rest should be good too. No. The second session continued the teasing from the first free seminar; providing just enough information to get your interest, then telling you to get the full package and more information, you needed to attend the next class XXX. The stock market software used for demonstration had a price tag on it (price sheet), but was not for sale. Only could obtain by taking certain classes (would be given to us free then), as we were "not ready for it yet". The third class session did provide a few more market trading procedures, but more than half the class was devoted to sales of "higher education".

During the class, interuptions were constant as they called each person to get personal advisement on the best class for them. Those that signed up for additional classes left the seminar immediately. I don't know if they were asked to or what. I didn't purchase a class. I continued the remainder of the class but missed out on the how-to being taught. I would have rather had that information and talked after the class was over.

The bulk of the information is given in the first class. (no refund if past the first class.) The rest is just enough to keep you interested. By looking at the pages of notes taken, about 6 pages the first day, 4 pages second day, 2 pages third. All were told there was no way to get all the information needed in three days. We had to have the next XXX classes to continue.
I never did get the web address promised, nor was the class taught following the book provided. There were some examples from the book, but most were from the instructor, who did not follow the book. He used overhead projector and slide show.
The instructor informed us at the first session that he was a private contractor, and quite proud of that fact. He knew what he was doing.

Most people who attended were retirees, widows, widowers, etc. The next set of classes ranged from $X,000 to $XX,000. One had the promise of a mentor for a big $X,000 price difference.

That is my experience and observations with this company. Why not put together an investment school instead of seminars? Oh yeah, laws and regulations don't apply to seminars as they do to schools.

Bob
Kansas City, Missouri
U.S.A.