To: rsie who wrote (7103 ) 5/26/2012 1:54:17 PM From: gronieel2 Respond to Larry Edelson seems to have been associated exclusively with questionable websites and high pressure investment advice since 2007. From 1996 through the present, he worked as either an employee or contractor of Weiss Research.Did they accurately predict the events they claim? Weiss Ratings were accurate during the 1990's, and widely respected through at least 2003, see findings by the United States General Accounting Office in 1994 PDF, that confirm that Weiss Ratings reports on insurance companies, maybe banks too, were more consistently accurate than those produced by the major credit rating agencies e.g. S&P, Moody's, Fitch. There was similar acclaim for Weiss ratings in the late 1990's, until about 2001.Do the free ratings lists they publish reflect this high level of accuracy? I don't think so, certainly not at the present time. In the past, their ratings were of course fee-based, not free. In fact, the Weiss Ratings website primarily offers fee-based ratings reports now, just as it had been doing in the past. I am not familiar with these new, free investment reports, and they don't seem to be the same as the high-quality fee-based reports associated with Weiss in the past.Do they appear to give sound advice, now? Well, there were charges filed against Martin Weiss and Larry Edelson by the U.S. SEC, settled in June 2009 PDF, (settlement included return, formally known as "disgorgement" of $2.5 million in investor funds): On June 22, 2006, the Commission instituted settled administrative proceedings against Weiss Research, Inc., Martin Weiss, and Lawrence Edelson (collectively, “Respondents”) for violations of the Investment Advisers Act of 1940 in connection with their operation of an unregistered investment adviser and the production and distribution of materially false and misleading marketing materials. money.stackexchange.com
