Would You Take Investment Advice From A Spyware Distributor?

from the your-customers-are-gonna-love-that dept

It turns out that record labels and movie studios aren’t the only companies that treat their customers like criminals. So do writers of investment newsletters. The investment newsletter industry is basically what it sounds like. A company or an individual writes up a regular (often monthly) report filled with forecasts and picks and then send it to clients, for what is typically a rather high fee. But they know content like this is easily copied and passed around, so some of them, even in this day and age, are sent on physical paper by mail, in an attempt to make it just a little more difficult to re-distribute it than forwarding an email. The writer of one newsletter, who does distribute it electronically, is suing one of its corporate customers for copying it and passing it around. And how did he find this out? Because through his website, he installed spyware on the computers of all his clients that tracks what happens to the document. Even if he successfully sues the company, you really have to wonder about whether this was a good idea. Now all of his corporate clients, of which there are many, know him as a distributor of spyware, so either they’ll stop doing business with the guy — or maybe they’ll get someone from IT to just disable it.

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Comments on “Would You Take Investment Advice From A Spyware Distributor?”

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Anonymous Coward says:

Re: class action?

who said the content management and reporting software (spyware) was installed without consent? ever heard of an EULA?

I read TFA but I didn’t see any mention of it. Surely they had to click AGREE or OK on something with an EULA before having access to the paid content on his website, probably in the same process as signing up with their cc/whatever info to pay for that content…

Robert says:

Past and Present

It used to be illegal for people to do this… maybe it still is? I can never be sure anymore, since so many big companies are getting away with it. Even if Sony replaced tons of CD’s with user tracking DRM, I don’t think they were really ‘punished’. That must be why there’s a new story everyday saying how X company put tracking software on their customers before claiming it was an honest mistake. The local DA on this case however already has an admittance of guilt here, and I’d like to see this guy taken down and made an example of.

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