investment scams

[C. Petersen]

Can anyone tell me about some of these guys who have commercials on the
radio selling stock market investment guides and seminars. 'Wade Cook' is
one of them. They try to encourage people to get into futures and
commodities markets, giving 'inside tips' like "We think that the price of
oil will rise due to el nino!". Just the fact that they can afford so much
advertising at prime times seems to indicate that they are very effective
at what they're doing. Have they been sued yet?