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Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:DFPI vs Legacy Publishing
From at least January 2015 through September 2024, Respondents operated certain subscription signal services which generated non-customized trading signals. Respondents admit to the jurisdiction of the Department of Financial Protection and Innovation (Department) and it is the intention of the Respondents to resolve this matter without the necessity of a hearing and/or other litigation. The Commissioner finds this action is appropriate, in the public interest, is necessary for the protection of investors, and is consistent with the purposes fairly intended by the policies and procedures of the CSL.
Respondents undertake and agree to the following:
a. Not collect any customized or personalized information from subscribers except as required to process credit card payments;
b. Not take discretion over any subscriber's trading account;
c. Instruct any third-party marketer promoting Legacy’s services to refrain from providing the names of brokerage firms which might be willing to arrange for auto-trading with Legacy’s subscribers or promoting Legacy’s services in connection with auto-trading;
d. Confirm that Legacy’s marketing materials do not reference or otherwise promote auto-trading and that Legacy will not provide subscribers with the names of brokerage firms which might be willing to arrange for auto-trading with subscribers;
e. Agree not to arrange or facilitate auto-trading arrangements for Legacy’s subscribers with broker dealers even upon subscribers’ request;
f. Not recommend a particular subscription service based upon a subscriber’s unique circumstances or individual/personalized information shared by the subscriber;
g. Not to provide any assistance or respond to subscribers’ requests for information regarding integration of Legacy’s products or services with auto-trading; and
h. Prominently disclose on Legacy’s website, and on all Legacy subscription forms, that Legacy does not facilitate or support auto-trading.
Respondents agree to refund fees or payments collected from 14 Californiabased customers, whose names were disclosed previously to the Commissioner, and who the Commissioner asserts engaged in “auto-trading” (Customers), totaling $83,494.00. Respondents shall make the refunds no later than 30 days after the Effective Date.
Overview
BBB Accredited Since: 4/30/2020
Years in Business: 13
BBB Accreditation & Rating
Business Details
- Local BBB:
- BBB of Los Angeles & Silicon Valley
- BBB File Opened:
- 11/13/2019
- Business Started:
- 1/1/2012
- Business Incorporated:
- 1/30/2015
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Names:
- Chuck Hughes
- Business Management:
- Mr. Charles Hughes, Manager
- Mr. Chuck Hughes, Founder
Additional Contact Information
- Principal Contacts
- Mr. Charles Hughes, Manager
- Customer Contacts
- Mr. Charles Hughes, Manager
- Mr. Chuck Hughes, Founder
- Additional Websites
- Website 1
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB records show a license number of 201503410131 for this business, issued by Secretary of State-Corporations
Secretary of State-Corporations
1500 11th Street
Sacramento CA 95814
Additional Information
- Business Categories
- Trade Publications, Commodity Trading Advisory Services
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