Raging Bull Review (2026): What the FTC Found About Its Trading Gurus

Raging Bull in One Minute

RagingBull.com sells stock and options trading alerts and education from "gurus" such as Jason Bond and Jeff Bishop. In December 2020 the FTC sued the company, alleging deceptive earnings claims and hard-to-cancel subscriptions. In March 2022, the FTC announced that RagingBull, related companies, Jason Bond and Jeff Bishop would pay $2.425 million.

Who Are the Raging Bull Traders?

Raging Bull became known through trader-personalities such as Jason Bond and Jeff Bishop, who ran alert services and education on small-cap stocks and options. Each trader's service had its own price and style. The FTC case focused on how their results were marketed, not on whether individual traders could trade.

What the FTC Alleged

According to the FTC, Raging Bull claimed followers could "double or triple" their accounts and used testimonials like "$6500.00 in 20 minutes," while those results weren't typical, many subscribers lost significant money and the company didn't track customers' trading results. It also alleged that cancellation was difficult, with long holds and disconnections, leading to unwanted renewals.

What the Settlement Requires

The order bars earnings claims without written evidence that they're typical, requires express consent for recurring plans and an easy way to cancel, limits cancellation hold times to 10 minutes and requires returning cancellation voicemails within a business day. A separate case against another trader continued.

Canceling Alert Subscriptions

The FTC's complaint included claims that cancellation was hard. Federal law requires online subscriptions with automatic renewals to disclose terms clearly and offer a simple way to cancel. Before joining any alert service, note how to cancel, take a screenshot of the terms, and cancel well before renewal if you don't want to continue.

Lessons for Any Alert Service

1. Ignore single big-win testimonials.
2. Ask how the company tracks typical customer results.
3. Read the renewal terms before paying.
4. Test how to cancel before you need to.
5. Never trade alerts with money you can't lose.

The Reality of Short-Term Trading

Studies and regulators consistently warn that most day traders lose money, and many course sellers say the same in their own disclaimers. Courses can teach rules and risk control, but they can't remove the risk. If you try trading, start in a simulator, then use small amounts you can afford to lose, and keep trading money separate from retirement savings.

Who It Suits

Experienced traders who understand alerts are ideas, not instructions, and who track their own results carefully.

A Steadier Way to Protect Savings

Alert services are for speculation. Retirement savings usually call for diversification instead. Our top pick, Augusta Precious Metals, offers a free guide to the sales tactics retirement savers should watch for; our budget pick Noble Gold offers a free economic-crisis guide. Precious metals carry their own risks and costs.

Is Raging Bull a Scam?

It's a real business, but it paid $2.425 million to settle FTC charges over deceptive earnings claims and difficult cancellations. Treat any trading guru's claims with skepticism.

Pros and Cons

Frequently Asked Questions

Our Verdict on Raging Bull

A cautionary tale about trading guru marketing. Stay skeptical of big-win claims.

Precious metals prices can fall as well as rise, and a gold IRA carries setup, custody and storage fees. This page is general information, not financial, tax or legal advice. Consider speaking with a licensed financial professional before moving retirement savings.