The Latest Wall Street Mishap (Scam). SEC Complaint Against the 'Supertrader' Seems Like Mini-Madoff

After watching an hour long interview with Karen Bruton the “Supertrader” on tastytrade.com it is apparent that even seasoned professionals can find it very difficult to determine the legitimacy of a fellow trader. Karen Bruton, founder of Hope Advisors Inc. received a Complaint from the Securities and Exchange Commission on Tuesday which involved deceptive trade practices amongst numerous other offenses. Essentially, although she preached success in a public manner (see the video link above), the Fund suffered some very substantial losses, which while would have likely be accepted by most Fund Managers, were covered up by pushing losses forward without recognizing them. In the meantime, according to the Complaint filed in Atlanta, she received significant compensation for the supposed performance of the fund.