Penny Stock Expert Addresses Libelous Peter Leeds Scam Comments
Peter Leeds, the well-known expert on penny stock investing, issues an official statement to address slanderous "Peter Leeds scam" comments made by competitor.
The issue traces back to a single competitor to the penny stock newsletter service provided by Peter Leeds, and involved a campaign of numerous "Peter Leeds scam" message board posts and articles.
Peter Leeds, The Penny Stock Professional and CEO of PennyStocks.com Inc, stated, "We will pursue every legal avenue open to us, to protect ourselves from harmful libel and slander. We will work as diligently to uphold our good name as we did to did to build it in the first place."
His team has also posted an online reply to the Peter Leeds scam issue, to set the record straight and fight back against the dishonest business practices of their competitor.
Peter Leeds has an excellent reputation in the industry, and is well respected by media and retail investors alike for his expertise in penny stock trading and investor education.
He is widely credited for bringing ethics to the penny stock arena, where there have historically been issues of hidden motivations, investor scams, and low-level fraud. He did this with the industry's first 100% Unbiased Guarantee, which states that he and his team will not trade in, or take compensation from, the penny stock companies they research or profile.
The 100% Unbiased Guarantee is now common in various forms across the industry, as penny stock pick services and investors alike have learned the importance of neutral reporting.
Along with his team, they have also recently launched Your Guide to Penny Stocks a free website introducing traders to penny stock investing, ways to limit risk and avoid scam artists, and methods to find high quality companies.
To further build ethics into the penny stock industry, and take a further step to protect individual traders, Peter Leeds made his 225 page book Understanding Penny Stocks free to all online. One section discusses scam artists, while a great deal of the work focuses on how penny stock traders can protect themselves from fraud.
Peter Leeds has been approached by CBS, NBC, FOX, CNNfn, and others for comments and views on the penny stock markets. His statements have appeared in Equities Magazine, TheStreet.com, NY Times, Barron's, and dozens of other print publications.
Peter Leeds has spoken to some of the listed companies of the American Stock Exchange at the AMEX conference in Miami, as well as led the panel of the prestigious, invitation-only Arch investment conferences.
"We hope for a speedy end to this issue, and will continue to pursue all options until we have reached a satisfactory resolution," commented Leeds. "Individual investors should not be mislead by the hidden motivations of our competitor, and thankfully we have various avenues available to us to deal with this untenable situation."
About Peter Leeds
Peter Leeds is the author of "Understanding Penny Stocks," and "The Penny Stock Professional," as well as CEO of PennyStocks.com, Inc. His penny stock newsletter has sold over 30,000 subscriptions, making it one of the most popular online financial publications in America.
Peter Leeds, Inc.
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