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SEC Litigation

Litigation and information on Agora provided by SEC


S.E.C. v. Agora, Inc., Pirate Investor, LLC and Frank Porter Stansberry; Docket No. MJG 03 1042 (U.S.D.C., D.Md.) [2003]



from SEC complaint:

 Pirate Investor, LLC, is a Maryland Limited Liability Company that runs a financial advisory web site and newsletter, PirateInvestor.com. Pirate is wholly owned by Agora. Defendant Frank Porter Stansberry is the editor of PirateInvestor.com.


Christopher Cox of the SEC

“Early in his congressional career, Cox befriended two anti-Communists in Hungary and Lithuania who had been prisoners of conscience and who later became presidents of their countries after the end of Soviet domination. Cox met Árpád Göncz in 1989, and when Cox was later married, he spent part of his honeymoon in Hungary with then-President Göncz and his wife Mária. Cox met Dr. Vytautas Landsbergis, a professor at the Conservatory of Music in Vilnius, in 1989, well before the successful reestablishment of Lithuanian independence. The night Landsbergis was elected President of Lithuania, he embraced Cox on the tarmac at the airport in Vilnius after the Soviet Union had held Cox in East Berlin for a prolonged period.[9] In May 1998, Cox was presented with the Order of the Lithuanian Grand Duke Gediminas, the highest honor the Republic of Lithuania can give to a living noncitizen.[10]
In 1989, Polish President Lech Wałęsa joined Cox in a Washington, DC ceremony marking the enactment of Cox’s legislation establishing the Polish-American Enterprise Fund. Together with the Baltic-American Enterprise Fund, the Hungarian-American Enterprise Fund, and seven other enterprise funds in Central and Eastern Europe and the former Soviet Union, the Cox legislation, incorporated in the Support Eastern European Democracy (SEED) Act, matched U.S. foreign aid with venture capital in the newly free countries of the former Warsaw Pact.[11]

Found this on the Baltimore Sun website …
And in 2003, the federal Securities and Exchange Commission filed a complaint against Agora, claiming it defrauded readers by charging $1,000 for false insider information about a Maryland-based company that supplies nuclear power plants with enriched uranium.

Although Agora itself was eventually cleared of any wrongdoing, one if its arms, Pirate Investor (now known as Stansberry & Associates), and one of its editors, Frank Porter Stansberry, were ordered in August 2007 to pay $1.5 million in restitution and civil penalties. The decision is currently on appeal.

Such blips, however, have done little to slow Agora down. If anything, the current economic downturn, which Agora has been warning has been on the way for years, is only increasing the company’s credibility and influence.

“They have very consistently railed for a long time about deficit spending,” says Mark Hulbert, editor of the Hulbert Financial Digest. “They have earned their bona-fides there.”


…Davidson founded the Hulbert Financial Digest.


 “Ex Utah SEC attorney Brent Baker resigned from the SEC without prosecuting Davidson and Agora Inc of Baltimore for using the naked shorting claim …” http://www.zoominfo.com/people/Baker_Brent_407270892.aspx

“Bill Bonner ,Porter Stansberry and James Davidson of Agora Inc virtually bought off the last SEC attorney that was investigating Agora Inc., Brent Baker of …” http://www.zoominfo.com/people/PersonDetailLimited.aspx?personID=2251343&lastName=Davidson&firstName=James&id=2251343&searchSource=page&page=2

“Re: ex-SEC’S Brent Baker and Agora‘s Porter Stansberry a team ?”


Did Utah SEC’s Brent Baker cover up for National Taxpayers Union (& Agora’s, etc.) Founder ?
 Lines Overseas Management Ltd.(LOM), Bermuda-based holding company

“Rees-Mogg and Davidson were also significant investors in LOM of ….. Also speaking are Alexander Green, OC Investment Director and editor of The Oxford …. the bank will still owe the Bank of England 5.9 billion by the end of 2010. …”



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