Stansberry Research is a privately owned American publishing company founded by Frank Porter Stansberry. The company is headquartered in Baltimore, Maryland, with additional offices in Florida, Oregon, and California.[1] The company specializes in investment research with an information services product line consisting primarily of monthly and bi-monthly advisory newsletters written by a variety of financial editors.[1][2] Topics include natural resource, power, oil and mining company investments, as well as health care and biotechnology.[1] Value, corporate bond and alternative investing are also featured. The company claims its newsletter has subscribers in over one hundred countries.[1]
Stansberry Research (previously Stansberry & Associates Investment Research) was founded in 1999 as an independent investment research firm.[1] In addition to his editorial duties, company founder, Frank Porter Stansberry, writes opinion pieces in a variety of financial publications discussing diverse and controversial issues ranging from the auto bailout to the European financial panic, among others. Other Stansberry public information efforts include production of a 2011 infomercial entitled "The End of America," as well as the founding of "The Project to Restore America," a 2012 endeavor aimed at restructuring American governance.[3][4] He has also been recorded using racist and homophobic slurs on his premium radio program.[5]
In 2014, Snopes.com investigated the firm's claim that United States currency will "collapse", and found this claim to be false. Snopes.com alleged him to be anti-nationalist and working against USA government due to his analysis of dollar's future collapse.[6] Stansberry advertising and social media messages often contain highly inflammatory and alarmist messages warning of impending financial disaster, with an extreme anti-government stance.[7][8][9] Stansberry has also been described as "simply an umbrella website that draws internet traffic to a single site and then sells subscriptions for a variety of people who use them for publishing purposes."[10]
Porter Stansberry is the founder of Stansberry Research and the editor of Stansberry’s Investment Advisory.[11] Steve Sjuggerud is the founder and editor of the Stansberry Research publication True Wealth, launched in 2001.[11] He is also a co-author of a book on investment strategies called Safe Strategies for Financial Freedom.[citation needed] David Eifrig is the editor of Retirement Millionaire and is a regular contributor to the Stansberry Research publication Daily Wealth.[12] Eifrig is the author of two books, The Doctor’s Protocol Field Manual, and High Income Retirement: How to Safely Earn 12% to 20% Income Streams to Your Savings.[citation needed] Matt Badiali is the editor of S&A Resource Report, which focuses on natural resources, metals, energy, and investments. He joined Stansberry Research in 2005 and has a BS in Earth Sciences from Penn State University and a Masters in Geology from Florida Atlantic University.[13] Dan Ferris has been the editor of Extreme Value, a newsletter that concentrates on safe stocks, good businesses, and steep discounts, since 2002. Stansberry Research published Ferris’ book World Dominating Dividend Growers: Income Streams that Never Go Down in July 2014.[14]
In November 2003, the Securities and Exchange Commission accused Stansberry of fraud committed while he edited various newsletters published under the umbrella of Agora, Inc. and Agora subsidiary, Pirate Investors LLC.[15][16] In August 2007, the court found Stansberry guilty with the U.S. Fourth Circuit Court of Appeals and subsequently denied a 2009 appeal.[17][18]