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Stansberry Research
Company typePrivate
IndustryPublishing
Founded1999; 25 years ago (1999) (as Stansberry & Associates Investment Research)
HeadquartersBaltimore, Maryland, U.S.
Key people
Porter Stansberry

Stansberry Research is a privately owned American publishing company founded by Frank Porter Stansberry. The company is headquartered in Baltimore, Maryland, with additional offices in Florida, Oregon, and California.[1] The company specializes in investment research with an information services product line consisting primarily of monthly and bi-monthly advisory newsletters written by a variety of financial editors.[1][2] Topics include natural resource, power, oil and mining company investments, as well as health care and biotechnology.[1] Value, corporate bond and alternative investing are also featured. The company claims its newsletter has subscribers in over one hundred countries.[1]

History

Stansberry Research (previously Stansberry & Associates Investment Research) was founded in 1999 as an independent investment research firm.[1] In addition to his editorial duties, company founder, Frank Porter Stansberry, writes opinion pieces in a variety of financial publications discussing diverse and controversial issues ranging from the auto bailout to the European financial panic, among others. Other Stansberry public information efforts include production of a 2011 infomercial entitled "The End of America," as well as the founding of "The Project to Restore America," a 2012 endeavor aimed at restructuring American governance.[3][4] He has also been recorded using racist and homophobic slurs on his premium radio program.[5]

In 2014, Snopes.com investigated the firm's claim that United States currency will "collapse", and found this claim to be false.[6]

Analysts

Porter Stansberry is the founder of Stansberry Research and the editor of Stansberry’s Investment Advisory.[7] Steve Sjuggerud is the founder and editor of the Stansberry Research publication True Wealth, launched in 2001.[7] He is also a co-author of a book on investment strategies called Safe Strategies for Financial Freedom.[citation needed] David Eifrig is the editor of Retirement Millionaire and is a regular contributor to the Stansberry Research publication Daily Wealth.[8] Eifrig is the author of two books, The Doctor’s Protocol Field Manual, and High Income Retirement: How to Safely Earn 12% to 20% Income Streams to Your Savings.[citation needed] Matt Badiali is the editor of S&A Resource Report, which focuses on natural resources, metals, energy, and investments. He joined Stansberry Research in 2005 and has a BS in Earth Sciences from Penn State University and a Masters in Geology from Florida Atlantic University.[9] Dan Ferris has been the editor of Extreme Value, a newsletter that concentrates on safe stocks, good businesses, and steep discounts, since 2002. Stansberry Research published Ferris’ book World Dominating Dividend Growers: Income Streams that Never Go Down in July 2014.[10]

Fraud accusation and conviction

In November 2003, the Securities and Exchange Commission accused Stansberry of fraud committed while he edited various newsletters published under the umbrella of Agora, Inc. and Agora subsidiary, Pirate Investors LLC.[11][12] In August 2007, the court found Stansberry guilty with the U.S. Fourth Circuit Court of Appeals and subsequently denied a 2009 appeal.[13][14]

Death of Rey Rivera

On May 24, 2006, the body of Rey Rivera, a financial writer and videographer for Stansberry Research was found inside the Belvedere Hotel. Rey Rivera and Porter Stansberry met when they were teenagers and were best friends. Rey Rivera and his wife had moved to Baltimore so that Rivera could work with Stansberry.[15] The Baltimore Police Department was unable to question Rivera's workplace regarding the nature of Rivera's death due to a gag order placed by Stansberry's legal team hours after Rivera's body was found. Porter Stansberry has refused to speak to police about the death of his best friend.[16] The case is unique to Stansberry Research due to Rivera's longtime friendship with Porter Stansberry and Rivera receiving a phone call from the Stansberry offices at the moment of his disappearance on May 16, 2006.[17]

References

  1. ^ a b c d e "Company Overview of Stansberry & Associates Investment Research, LLC". BusinessWeek. Retrieved October 31, 2012.
  2. ^ "StansberryResearch.com Reviews – Legit or Scam?". Reviewopedia.com. Retrieved October 31, 2012.
  3. ^ "AFP Podcast & Article: Help Audit the Fed, Now!". AmericanFreePress. October 5, 2012. Retrieved October 31, 2012.
  4. ^ "Porter Stansberry Research – The End of America". HeavyHometownNewWave -Youtube account. December 14, 2010. Retrieved November 1, 2012.
  5. ^ "Right-Wing Financial Huckster Uses Racist And Anti-Gay Slurs Because He's "Not The Least Bit Bigoted"". Media Matters. August 13, 2013. Retrieved July 7, 2020.
  6. ^ Mikkelson, Barbara (April 14, 2014). "Currency Collpse". Snopes.com. Retrieved August 7, 2014.
  7. ^ a b "Gold News". Bullion Vault. Retrieved 30 September 2014.
  8. ^ "Articles from Dr. David Eifrig, Daily Wealth". Top Stock Analysts. Retrieved 30 September 2014.
  9. ^ "About Matt Badiali". Mainzincome. Retrieved 30 September 2014.
  10. ^ "World Dominating Dividend Growers: Income Streams that Never Go Down". Amazon. Retrieved 30 September 2014.
  11. ^ "Securities and Exchange Commission, Plaintiff, v. AGORA, INC., PIRATE INVESTOR, LLC and FRANK PORTER STANSBERRY Defendants". U.S. Securities and Exchange Commission. November 14, 2003. Retrieved November 1, 2012.
  12. ^ Adam Liptak (August 3, 2003). "E-Mail Stock Tip Tests Limits of Securities Laws". the New York Times. Retrieved November 1, 2012.
  13. ^ Brian Deer (October 11, 2007). "Porter Stansberry scam nailed in SEC investment fraud lawsuit". BrianDeer.com. Retrieved November 1, 2012.
  14. ^ Tricia Bishop (August 10, 2007). "$1.5 million payback ordered in SEC suit". The Baltimore Sun. Retrieved November 1, 2012.
  15. ^ "The mysterious death of Rey Rivera: What happened to the newlywed, aspiring filmmaker at the Belvedere Hotel? | News Break". News Break Baltimore, MD. Retrieved 2020-07-28.
  16. ^ "Suicide Or Murder? Evidence Reviewed". WBAL. 2007-05-17. Retrieved 2020-07-28.
  17. ^ Campbell, Colin. "How did Rey Rivera die? Netflix's 'Unsolved Mysteries' explores questions in 2006 death of Baltimore man". baltimoresun.com. Retrieved 2020-07-28.
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