Alaska, States and FTC Settle With Wade Cook Financial.

• Position: Federal Trade Commission - Brief Article

Fourteen states, including Alaska, and the Federal Trade Commission have reached settlements with Wade Cook Financial and Wade Cook Seminars Inc. The two Nevada corporations, both headquartered in the Seattle area, allegedly made millions of dollars selling get-rich-quick investment advice that was not backed by results.

Alaska's settlement was announced recently by Attorney General Bruce Botelho. The settlement with Alaska was filed in Alaska Superior Court and incorporates a settlement filed Oct. 5 in U.S. District Court in Seattle by the Federal Trade Commission. Wade Cook Financial...