Complaint Review: Ian Cooper from Market Authority - Albequerque New Mexico
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- Author Not Confirmed
- Ian Cooper from Market Authority 901 Rio Grande NW Suite D220A Albequerque, New Mexico USA
- Phone: (888) 986-8190
- Web: www.marketauthority.com
- Category: Investment Brokers
Ian Cooper from Market Authority Speed Retirement System Beware of Speed Retirement System by Ian L. Cooper! Albequerque New Mexico
*REBUTTAL Individual responds: track record
*REBUTTAL Individual responds: Hi… it's Ian
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I purchased a membership to Ian Cooper's Speed Retirement System in January 2013. I opened a brokerage account to follow his trade recommendations in trading options. He charged my $297 per quarter for his advice. He claims to be able to make you enough money to be able to retire in 5 years. I was willing to give it up to 12 years. By August, my account was sitting at only $6000. I complained to Market Authority, the company that Ian works for, and they gave me 3 free months. They billed me erroneously during that time, but they did rectify their error by extending my membership. I would routinely participate in Ian's webinars and I would ask questions, both critical and supportive ones. Whenever I submitted a concern via Market Authority's customer support web portal, I never got an answer from Ian himself, just a glib "Ian has confidence in all open positions" reply. As of the close of the market Friday, and after 13 months with Speed Retirement System, my account is sitting at $4800. This means I have lost a good chunk of my hard-earned money, gone forever no doubt. During one of his recent webinars, I mentioned, and Ian read out that my account was seriously down. He said he wanted to chat with me about it, because he couldn't understand how this could be. He claims to have a rate of return over the same period of over 400%! I sent him an email offering to phone him or to show him a spreadsheet of all of my trades. I even couched it in "please just help me to understand what I am doing wrong" language, but I have heard nothing to date.
Beware! The "speed retirement" is Ian's not yours if you buy this product! I can verify my situation for anyone who cares to ask.
Jim R
Frankfurt, Germany
This report was posted on Ripoff Report on 01/25/2014 09:51 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ian-cooper-from-market-authority/albequerque-new-mexico-87104/ian-cooper-from-market-authority-speed-retirement-system-beware-of-speed-retirement-syste-1118377. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#2 REBUTTAL Individual responds
track record
AUTHOR: Ian - ()
SUBMITTED: Saturday, March 08, 2014
That last image isn't showing correctly. Here it is again.
This is my track record from January 2014 to March 7, 2014.
| Crocs Inc. (CROX) March 2014 16 puts | 58% | exited half |
| Crocs Inc. (CROX) March 2014 16 puts | 74% | exited half |
| Annaly Capital (NLY) April 2014 10 calls | 33% | exied half |
| Plug Power (PLUG) March 2014 2.50 puts | 67% | exited half |
| Annaly Capital (NLY) April 2014 10 calls | 75% | exited half |
| Lululemon (LULU) June 2014 45 puts | 37% | exited half |
| JC Penney (JCP) February 2014 7 put | 56% | exited half |
| JC Penney (JCP) February 2014 7 put | 44% | exited half |
| Lululemon (LULU) June 2014 45 puts | 37% | exited half |
| 3D Systems (DDD) March 2014 69 calls | 23% | exited half |
| 3D Systems (DDD) May 2014 70 calls | 19% | exited half |
| 3D Systems (DDD) March 2014 70 calls | 52% | exited half |
| Lululemon (LULU) June 2014 50 calls | 43% | exited half |
| Lululemon (LULU) June 2014 50 calls | 59% | exited half |
| 3D Systems (DDD) March 2014 69 calls | 125% | exited half |
| 3D Systems (DDD) May 2014 70 calls | 64% | exited half |
| 3D Systems (DDD) March 2014 70 calls | 143% | exited half |
| Twitter (TWTR) February 2014 38 puts | -97% | |
| 3D Systems (DDD) March 2014 75 calls | 101% | exited half |
| Whole Foods Market (WFM) May 2014 52.50 calls | 38% | exited half |
| 3D Systems (DDD) March 2014 75 calls | 33% | exited half |
| JC Penney (JCP) May 2014 5 calls | 68% | exited half |
| JC Penney (JCP) May 2014 5 calls | 61% | exited half |
| Whole Foods Market (WFM) May 2014 52.50 calls | 58% | exited half |
| Plug Power (PLUG) March 2014 4 calls | 68% | exited half |
| Plug Power (PLUG) March 2014 4 calls | 173% | exited half |
| Plug Power (PLUG) March 2014 2.50 puts -- 1st half exited for gains. | -83% | exited half |
| 3D Systems (DDD) March 2014 70 puts | 36% | |
| 3D Systems (DDD) March 2014 73 puts | 62% | |
| Plug Power (PLUG) May 2014 7 calls | 88% | exited half |
#1 REBUTTAL Individual responds
Hi… it's Ian
AUTHOR: Ian - ()
SUBMITTED: Saturday, March 08, 2014
Hi... This is Ian Cooper from Speed Retirement.
I'm a bit confused by Jim's comments above. On our live webinars, I would speak to Jim often... and would ask that he send in a copy of his portfolio so that I could review it, and then review it with him. I never received it.
As for my poor performance in Speed Retirement, here's how I did in 2013 and so far in 2014.
In 2013, I closed 181 winners (some winners were closed in halves). I closed a total of 32 losers.
So far, in 2014, I closed 31 winners (some were closed in halves). I've closed 8 losers.
| Crocs Inc. (CROX) March 2014 16 puts | CROX140322P00016000 | 01/03/14 | $0.95 | 01/14/14 | $1.50 | 58% | exited half |
| Crocs Inc. (CROX) March 2014 16 puts | CROX140322P00016000 | 01/03/14 | $0.95 | 01/24/14 | $1.65 | 74% | exited half |
| Annaly Capital (NLY) April 2014 10 calls | NLY140419C00010000 | 11/25/13 | $0.60 | 01/24/14 | $0.80 | 33% | exied half |
| Plug Power (PLUG) March 2014 2.50 puts | PLUG140322P00002500 | 01/08/14 | $0.30 | 01/27/14 | $0.50 | 67% | exited half |
| Annaly Capital (NLY) April 2014 10 calls | NLY140419C00010000 | 11/25/13 | $0.60 | 02/03/14 | $1.05 | 75% | exited half |
| Lululemon (LULU) June 2014 45 puts | LULU140621P00045000 | 01/23/14 | $3.35 | 02/03/14 | $4.60 | 37% | exited half |
| JC Penney (JCP) February 2014 7 put | JCP140222P00007000 | 10/15/13 | $1.35 | 02/04/14 | $2.10 | 56% | exited half |
| JC Penney (JCP) February 2014 7 put | JCP140222P00007000 | 10/15/13 | $1.35 | 02/05/14 | $1.95 | 44% | exited half |
| Lululemon (LULU) June 2014 45 puts | LULU140621P00045000 | 01/23/14 | $3.35 | 02/05/14 | $4.60 | 37% | exited half |
| 3D Systems (DDD) March 2014 69 calls | DDD140307C00069000 | 02/06/14 | $3.25 | 02/10/14 | $4.00 | 23% | exited half |
| 3D Systems (DDD) May 2014 70 calls | DDD140517C00070000 | 02/06/14 | $5.90 | 02/10/14 | $7.00 | 19% | exited half |
| 3D Systems (DDD) March 2014 70 calls | DDD140322C00070000 | 02/07/14 | $3.00 | 02/10/14 | $4.55 | 52% | exited half |
| Lululemon (LULU) June 2014 50 calls | LULU140621C00050000 | 01/23/14 | $3.15 | 02/12/14 | $4.50 | 43% | exited half |
| Lululemon (LULU) June 2014 50 calls | LULU140621C00050000 | 01/23/14 | $3.15 | 02/13/14 | $5.00 | 59% | exited half |
| 3D Systems (DDD) March 2014 69 calls | DDD140307C00069000 | 02/06/14 | $3.25 | 02/14/14 | $7.30 | 125% | exited half |
| 3D Systems (DDD) May 2014 70 calls | DDD140517C00070000 | 02/06/14 | $5.90 | 02/14/14 | $9.70 | 64% | exited half |
| 3D Systems (DDD) March 2014 70 calls | DDD140322C00070000 | 02/07/14 | $3.00 | 02/14/14 | $7.30 | 143% | exited half |
| Twitter (TWTR) February 2014 38 puts | TWTR140222P00038000 | 11/19/13 | $3.75 | 02/21/14 | $0.10 | -97% | |
| 3D Systems (DDD) March 2014 75 calls | DDD140322C00075000 | 02/14/14 | $4.70 | 02/21/14 | $9.45 | 101% | exited half |
| Whole Foods Market (WFM) May 2014 52.50 calls | WFM140517C00052500 | 02/13/14 | $2.25 | 02/21/14 | $3.10 | 38% | exited half |
| 3D Systems (DDD) March 2014 75 calls | DDD140322C00075000 | 02/14/14 | $4.70 | 02/24/14 | $6.25 | 33% | exited half |
| JC Penney (JCP) May 2014 5 calls | JCP140517C00005000 | 01/30/14 | $1.55 | 02/27/14 | $2.60 | 68% | exited half |
| JC Penney (JCP) May 2014 5 calls | JCP140517C00005000 | 01/30/14 | $1.55 | 02/28/14 | $2.50 | 61% | exited half |
| Whole Foods Market (WFM) May 2014 52.50 calls | WFM140517C00052500 | 02/13/14 | $2.25 | 02/28/14 | $3.55 | 58% | exited half |
| Plug Power (PLUG) March 2014 4 calls | PLUG140322C00004000 | 01/08/14 | $1.10 | 03/03/14 | $1.85 | 68% | exited half |
| Plug Power (PLUG) March 2014 4 calls | PLUG140322C00004000 | 01/08/14 | $1.10 | 03/04/14 | $3.00 | 173% | exited half |
| Plug Power (PLUG) March 2014 2.50 puts -- 1st half exited for gains. | PLUG140322P00002500 | 01/08/14 | $0.30 | 03/04/14 | $0.05 | -83% | exited half |
| 3D Systems (DDD) March 2014 70 puts | DDDO28144700000 | 02/14/14 | $4.15 | 03/07/14 | $5.65 | 36% | |
| 3D Systems (DDD) March 2014 73 puts | DDDO28144730000 | 02/14/14 | $4.85 | 03/07/14 | $7.85 | 62% | |
| Plug Power (PLUG) May 2014 7 calls | PLUG140517C00007000 | 03/04/14 | $1.20 | 03/07/14 | $2.25 | 88% | exited half |
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