Legal Question in Consumer Law in Utah

Internet Investment Contracts

I am a day trader; I recently paid a large amount of money to an Internet based investment company, for training in the foreign currency markets. the contract I accepted and signed, did not have a money back guarantee. I do not feel the company completely delivered what it has promised and I have lost more money trying to use their program then I did when I was on my own. Should I seek legal advice to try and get some of the money back that I paid or report them to the Better Business Bureau in their area?


Asked on 12/27/00, 6:36 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Internet Investment Contracts

You can pursue the remedies you suggested. In addition, you may want to contact the Securities and Exchange Commission; the seller may be in violation of some of the SEC rules.

A determination will need to be made whether the promises made by the seller are material, meaning whether, absent those promises, a reasonable person would make the purchase. You will also have to look at the disclaimers which accompanied your purchase.

I would need more information before determining whether or not you have legal claim.

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Answered on 12/29/00, 10:31 am


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