RagingBull.com is a real online investment education business. The FTC alleged that its services used unsupported stock-profit claims and difficult cancellation processes. Settling defendants paid $2.425 million, and the FTC later distributed nearly $2.4 million to customers.
- RagingBull.com is a real online investment education business. The FTC alleged that its services used unsupported stock-profit claims and difficult cancellation processes. Settling defendants paid $2.425 million, and the FTC later distributed nearly $2.4 million to customers.
- RagingBull.com is a real online investment education and subscription business with a substantial FTC record.
- The FTC alleged that defendants marketed stock-trading services with claims that consumers could make consistent profits, beat the market, multiply accounts quickly, and succeed without much time, money, or experience.
- In March 2022, settling defendants agreed to an order requiring $2.425 million and changes to earnings claims and recurring-subscription cancellation. In March 2023, the FTC announced nearly $2.4 million in customer payments.
01
Identified claim
RagingBull.com is a real online investment education business. The FTC alleged that its services used unsupported stock-profit claims and difficult cancellation processes. Settling defendants paid $2.425 million, and the FTC later distributed nearly $2.4 million to customers.
RagingBull.com is a real online investment education and subscription business with a substantial FTC record.
The FTC alleged that defendants marketed stock-trading services with claims that consumers could make consistent profits, beat the market, multiply accounts quickly, and succeed without much time, money, or experience.
In March 2022, settling defendants agreed to an order requiring $2.425 million and changes to earnings claims and recurring-subscription cancellation. In March 2023, the FTC announced nearly $2.4 million in customer payments.
02
Sources and evidence
Sources reviewed.
- RagingBull.com case — Federal Trade Commission; accessed 2026-08-05. [1]
- Raging Bull settlement — Federal Trade Commission; accessed 2026-08-05. [2]
- Raging Bull refunds — Federal Trade Commission; accessed 2026-08-05. [3]
Fast facts.
| Question | Answer |
|---|---|
| Real operating business | Yes |
| Main FTC allegations | Unsupported earnings claims and difficult cancellation |
| Settling payment | $2.425 million |
| Refunds announced | Nearly $2.4 million |
| Subscription control | Easy cancellation and informed consent required |
| Separate defendant | Kyle Dennis |
The earnings claims.
The FTC challenged advertising suggesting that consumers could generate substantial and consistent trading profits. The case summary says consumers lost at least $137 million over three years according to the agency's allegations.
The marketing cited the pandemic as an opportunity and included claims about quickly doubling or tripling accounts. The alleged $137 million is not the settlement amount.
Why trading testimonials are difficult.
A winning screenshot can omit losing trades, account size, leverage, taxes, commissions, subscription fees, selective periods, open positions, survivorship, and risk of ruin.
A useful record includes every alert, entry, exit, cost, deleted signal, drawdown, and benchmark over the full period.
The cancellation allegations.
The FTC alleged that different services used different cancellation rules and that consumers encountered long holds, disconnections, and unwanted renewal charges.
The settlement requires informed consent for recurring charges and easier cancellation. Operational requirements include limits on cancellation-call hold time and prompt response to cancellation voicemails.
The 2022 settlement.
Settling defendants included RagingBull.com, Sherwood Ventures, Jason Bond LLC, Jason Bond, and Jeff Bishop. The order required $2.425 million and restricted unsupported earnings claims and claims of easy success regardless of experience, capital, or time.
A stipulated order has legal force after court approval.
Kyle Dennis.
The FTC continued separately against Kyle Dennis after the 2022 settlement. The case timeline later includes a proposed stipulated permanent-injunction order in September 2023.
A company-level article should not imply every defendant resolved the case on the same date or under the same order.
How to audit a trading service.
Request the complete alert history, entry and exit timestamps, position sizing, slippage assumptions, commissions, losing trades, open trades, deleted alerts, subscription cost, benchmark, and maximum drawdown.
Verify whether results are hypothetical, actual, selected, audited, net of cost, and realistically executable by subscribers.
Buyer checklist.
- Request complete performance history
- Include losing trades and open positions
- Subtract subscription and trading costs
- Check maximum drawdown
- Compare with a benchmark
- Verify recurring-charge consent
- Test cancellation before renewal
- Save cancellation confirmation
- Separate company settlement from individual defendant status
- Do not invest based on screenshots or testimonials
03
Conclusion
FAQs.
Did Raging Bull pay $137 million?
No. The FTC alleged consumers lost at least $137 million. Settling defendants agreed to pay $2.425 million.
Were customers refunded?
The FTC announced nearly $2.4 million in payments in March 2023.
Did the settlement prove no one made money?
No. The case concerned advertising and the typical-results impression.
Is RagingBull.com an investment adviser?
This article does not make a regulatory classification beyond the official FTC record.
Are current cancellation procedures the same?
Current procedures require current testing. The order establishes the legal baseline for covered defendants.
Final verdict.
RagingBull.com is a real vendor with a serious FTC settlement and refund record. Buyers should not rely on selected wins, guru authority, or easy-success claims. Demand complete performance evidence and test cancellation before the first renewal.
Conclusion in brief.
RagingBull.com is a real online investment education business. The FTC alleged that its services used unsupported stock-profit claims and difficult cancellation processes. Settling defendants paid $2.425 million, and the FTC later distributed nearly $2.4 million to customers.
04
Limitations
Evidence limits.
The article does not provide investment advice or evaluate current trading performance. Alleged consumer losses, settlement payments, and refunds are separate figures.
This audit was completed on 2026-08-06. Primary official records were preferred. Allegations, complaints, settlements, entered orders, final orders, judgments, and later reversals are labeled separately. The record does not establish that every current product, service, review, listing, or outcome is the same as the conduct described. Recheck current status before making a purchase or publication decision.
Verification record.
The FTC case page, 2022 order announcement, and 2023 refund announcement were checked on 2026-08-05. The alleged $137 million is not confused with the $2.425 million settlement. Kyle Dennis is treated separately.
Duplication and search-intent record.
No prior available RankBuilder package audited RagingBull.com. The intent covers legitimacy, trading gurus, earnings claims, cancellation, subscriptions, and FTC refunds.
References
Sources behind this record
- RagingBull.com case — Federal Trade Commission (accessed August 5, 2026)
- Raging Bull settlement — Federal Trade Commission (accessed August 5, 2026)
- Raging Bull refunds — Federal Trade Commission (accessed August 5, 2026)
Corrections
Correction history
No corrections recorded.
To report an error, use the public corrections path.
Audit completed on 2026-08-06 using primary official records.
Allegations, complaints, settlements, entered orders, final orders, judgments, and later reversals are distinguished.
The record does not establish that every current product, service, review, listing, or outcome is unchanged.
Recheck current corporate and legal status before making a purchase or publication decision.