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LTC Stephen F.
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1SG Signal Support Systems Specialist
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Just a little background on Mr. Navellier and Investorplace media group.

In 2017, the SEC charged Navellier for fraud for falsifying the firm’s track record in marketing materials. He denies the charges. [6]

In 2020, the U.S. Securities and Exchange Commission (SEC) announced final judgment on its fraud charges against investment adviser Navellier & Associates, Inc. and its founder and chief investment officer, Louis Navellier. Following the ruling of a federal district court in Massachusetts, the SEC receives more than $30 million in monetary relief.

"The court determined, the defendants continued to sell the Vireo AlphaSector investment strategies despite their knowledge that representations about the strategies were false and misleading... In addition to enjoining the defendants from violating Sections 206(1) and 206(2) of the Advisers Act, the final judgment entered on June 2, 2020 also orders defendants jointly and severally to pay disgorgement of $28,964,571, including $6,513,619 in prejudgment interest, as well as civil penalties against Navellier & Associates in the amount of $2,000,000 and against Mr. Navellier in the amount of $500,000." [7]
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