WASHINGTON (AP) -- Fourteen online trading firms or individuals have agreed to stop making claims that the trading strategies and systems they sell can bring investors easy money with little risk, federal regulators said Monday.
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The Federal Trade Commission, the Commodity Futures Trading Commission and the Securities and Exchange Commission announced settlements with the firms in which they agreed to drop unsubstantiated claims of profits.The federal agencies also warned consumers to be wary of false and misleading claims on Web sites touting trading strategies or systems.