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SEC

1 r'lessage

T1w, Mat 4, 2010 at 8:08 AM

To feedback@stansberryresearch,com

T~ Whom It May Concern:

RE: P~rter Stansberry

So, now ,t's Q crime to simply be wrong and -naybe cost someone some money? In that case, rher-e are 534 (minus an old Texas MDl candidates for immediate arrest on Capitol Hill.

Any com~,etent ncult whe hcs ony business hundlinq his/her own financial affairs is aware that what is pur chcsed from Mr, Stansberry, 0 ful'·service broker, or any of 1tIe countless other investment Inror"tnat:on r-escer-ces In the, world is cdvice , eke informed opinion. An opinion that, jn common with any opin.on on any TOP'C, may be right or wrorlg, Caveat emptor.

Mr Stansberry hod no fir'lOl'lCiOI interest in the security cr issue" and there ore no accusations of "s~(urit,es freud' in any rcticncl sense, He w05n'~ even really "wrong," As a New York Times article pointed cur, "Mr. Stonsberry's report was more premature than inaccurate." Any of hts subscrtbers who were displeased enough with his opinion on the matter hod only to request and receive a 'refund,

Bottom I ne: 1f Ihe sEC were cs interested in ger,uinely protecting investors as it appears to be in c(Jsting the pall of its bureeucrctic overreach to slTIother the offering of paid advice. it might have hod The resources to earlier interdict more serious wrongdoing, Does the name "M~doff" ring cny bells?

Qe.spcctiul'y,

",j L

6i 11.1::0 I Q S:27 PI

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SEC

r,-' Filii-

Wed, Mar J, 2010 at 9:aS PM

To: fee<lback@starlsberryre5earch.com [)ear Mr, StanSbetry.

I n you, 2002 advertisi"9 essay aliudirJg to USU I thought you were illustrating your observations, methods, Insights, skins. and teachi~gs and offerir>g scbscripticns for sale on the basis of these. I did not belielle you were spe;;f1caJty s811i"9 the id!!ntrty of USU anc the USU recommendation,

This is because your advertisirq message prodded all the information I needed to Identify USU as tile company you were discussing, speoding just a couple of minll1es doing i,'ternet searches. I previously had no knowledge of USU Of the urariem industry,

A! the tin'E I d,d not subscribe to your publicati )fIS, HJwever. after a year 01 two I eventually realized the value of your observauons, mstnocs. insights, Skills, and teacnings anell paid you $5000 ior an SM Alliance '1'embersl'"p. This membership has provdeo me with an abuncanee of newsletters and reports. 1 believe that 1 '1M" received goo~ value for this purchase 10: their educational content.

As proof thai I identifiec! USU from yOUf adven.slno message I bought 1000 sh USU on 5114/02 @S7.84, 'Old il 011 '3120102 @S8.15. which is I"IOt much 0f a profit, but that was my cati. I have documentation of this. 'foo' company records ,,;!II vsrify that I was no' a subscriber 10 any o! your publications during this period.

In summanon it is obvious that you are nl.lt gUilty of selling the disclosure of USU as the

companv you wrote about-vbecause you had disclosed this information for free. Rather, you were selling a subscription to your educattcnat newsletter describing how to approach stock purchases profitably. This was not tantamount to brokering anything, it was simply educatjonal.

Yours trutv,: v '

Board Certified in Adu!t and Gerlatric P"ychiatry

I o I I

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SEC

1 message

Thu, Mar 4, 2010 at 9:54 AM

To: "feed ba·;k@sl a ns be rryre sea reh. com' < reed ba ck@5tans berry researc h. 00 m>

Porter; I ~m an acaoerntc cardiologist, with over 200 scientific publications in the medical literature. I have lectured all over the world .• and have a great reputation in my field. Nevertheless, like most doctors, I was a hcrrlbte investor, and managed to lose a lot of money. This all changed after I became Stansberrv and Associates subscriber. I had taken several other newsletters, but their stock pick, were simply correlated with the overall market direction, so I did not fare well. NO'N, after about 3 vears of figuring out my pN~onal style ant! developing the discipline t" stick [0 trailing stops and position sizing. I am a good investor The credit goes to you, nOI for your stock picks, but for the education I have received from you.

It i\ priceless, I f you never picked another stock, I would maintain a lifelong su bscriprion just for the fabulous iearning experience, I cannot thank you enough. In dosing, I wish you well with the SEC legal matters. I havs personally tesnned before the FDA, so : am quite aware of the intellectual shortco mings of government bureaucrats. I hope and pray that our courts will vindicate you. I remain your grateful a!1d 10'1"1 subscriber. -Paul

This e-m~il rrl?Y co"'a,n confidential and/o' priv"eged information. This information is intended only tor the use of :he individual{s} and 9niily(iesj to whom ~ ls addressed. If you are the intended recipient. Iurther disclosures are prohibited w!lnm:t proper aulrlonzation II y')u are not the intended recipient (or have received this e-mail in error: p:easa nouly the sorcer immediatelY ar.a dewoy this .-mail. Any unauthorized copying. disclosure or distribution of the material in tnis e-mail is suicty lorbidden and possibty a violation of federal or state law and regulatiors. Baylor Heatth Care System, ils 5ut'sidiaries. and alfiliates hereby claim all applicable prOJileges ,elated to this information.

r , I

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SEC

i message

To: feetlC3ck@star.sberryresearch.com Dear Po'!~r.

Thu, Mar 4, 2010 at 10:09 AM

I am lak''':J n,e tlm', to write this email afterre~d;ngyourdescriplio~oft.hecu.re~t legal ccnfrontation with the SE,,, in which you me engaged. I want 10 state at the outset that I could be the tightest person to whom you sell sobscnptions. as I guard my capital jealous y. Dl~ I am an Alliance member and view it as one of the

tx!SI educCltlQnal in'Jestmellts I have ever made In my lif,,; it has done pretty well for me in a financial sense as well.

F,rsl of ai., it is hard to conceive ltlat. in a COUI1'ry foui1decf on the principles of liberty and freedom. we seem to "ave progressed 10 a point where, if we hold a,l(j express views held in contempt or dIsdain by the

government. we must new Ii"" in lear 01 crushing and ruinous retribution taken agsir1St a private citizen by the very government trat is S'Jpposed to serve us and protect the r,ery liberty Nley have begun 10 attack.

Legitim"t" fear of an oppressive and powerful :entra: government and tile entrenchment of a ruling class were two or tn(, primary motivations behind the inclu5ion of th" chains placed upon the power of the central government wilnin QU' Conslitution. It is only trrO~'9h ine willingness and financial ability of people sucl1 as your,el: t" defef1d ~ur lreeoorn oi speech tnat '.I1e remainder of us have any hope of retailling tt. Than!( you for pur uau!s 10 protect lhe righls II'a, are supposec 10 t>e unquesticned for all of us.

Regardillg some 0; the allegations made again;t you, I would like to refresh your memory of a story I am sure vcu have long forgotten. Back in the day wher. your business was koow as Pirate Investor, you published a marketing letter for a premium service ( I belie',e it may havs been the early Diligence) touting the prospects of a s"'.all bio tech ccmpany. : took the information contained in that letter and used it to identify the company on my own as I D Biomedical. I was so pleased with myself that I wrote you a letler Palling myself on tile back 'or identIfying the "mystery company" without spending the money to purchase a high-priced newsletter, I was astonished to receive a rather congratulatory flspor1Se from you a 00 , 001 being one to use tr~iling stops at thai time in my inves:i,,:! career, I purchased IDBE,hare" from around $4.00Ishare down to S2.50fshare and rode ,he wps and downs until I :iflany sold at approxrnate S29.0Cfshare. Upon receiving y~ur gracious response to ''''y rout.cation that I hao 'Iifleo" yo." recornrreocatior, I beliave I sent you a note back stating that I would be

el scoscrrber fo, IV". I Md quite a few shares "no made quil'" a bil of money. I believe I have thanked you on severs I occasions but thank you yet agal~. Th s ,nvestmem VIas lhe first "berne run" 11191 I had ever had with ,nforma;,o~ obtamed thrOLJgtl ~nything other than my own research. with which I had been fairly successful.

Througtl my assocsuon with I'our company over the years. I have learned to protect my capital mom effectively. expand my ;nv&stmeni horizon, sducata me ir: my understanding and use of safe and profitabte tecMiQues of Whl-:11 I would nave otherwise pr,)bat>ly never been aware and continually reinforced my beli"r lilat only I am r,esponsible for the investmef, cscisicns I ma~e and that I sholJld not allocate capital to inves,menls tMt I do not uMerstand.

: would nave to che:k my records. but I think I Mve "ow been receiving some level of research from you for ,,11"O5\. ,; not te~ v~ars, W~ile I have both made ar.d test money on investments you have recomrl1@nded. it nas ~Iw<ys '~el1l"l decision whether or not IJ invest my ca;Jital anc I have always found you and everyone in 'lour company to cconuct YCMselves with the ';gh"sl 'eve! 01 character and integrity. Given the nature of the ,'rOu~;:) :r, whlce you conduct yovr oosiness aod tMe d Jplicitous tactics employed by many of your competitors and the businesses en which you conduct you; research, it '$ almost ir>Comprenensible t~at the SEC would attempt to lrample ) our r;ghls as a cmzsn ratter tnan focusing its efforts on Ihe true charlatans popuJating

6Illf20 10 5:25 p~,

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thOse inoustnes, I suppose it gives great credbili:y to YOIJ, specuatlon that it could, at least i~ part. result Irom their disapproval of the light you shea on some of the corruption of (he system they have created 10 ell,icn themselves at the expense of tne average i'~/esto,

I UM, know if uns type 01 correspondence wOCild Jl.e of <my help in a legsl context but I certainly hope that, if n(]thing F-I,e. it ~;v"'s you some sense of sati$i&Clion to know that there are a great many people out here upon whom your work al>(j eoucalronal efforts have Mad a tremendous positive impact II is truly shameful that we now seem to live in a country wl"l€re we have .egitima,e reason to fes' the abol~ion of our basic rights by the very gO\iernmen: we.ien was crealed 10 defend ir.em.

Yours tflAy.

6111120105:251'1\'

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SEC

1 message

Thu, Mar 4, 2010 at 11 :57 AM

To' I eeobac k@stansb-erryresearch.com

Dear Porter ano th.e rest of the Stansberry staf:

t IL'Si read the rocort of your experience wittl the SEC with utter dismay, WOW .. .tns stuff really happens in Arnenca? Then i remembered:

I am a Registered Investment Advisor who is regulated by the SEC. Consequently, I have been subject to SEC audits wr.ich are dominated by detail exarnmatlons of whether I initialed a form in the proper place, whether I 11ave "written" insider trading policies even thoc3h I am a sole practitioner, whether I do "self testing", etc but never an overall ex;;minalion or question of "am I set,'lng my clients?", So it is no mystery to me that the SEC misses the forest for the trees In cases like Mado!!. They scour my records lor details but have not to

care com,idered the big plcture.

In terms or support for you, I will repeal what t wrote 10 you in 2007 which you published in the S&A. Digest on JU~I t 1,2007;

"I nave been an inv",stment rnanaqer for over 2Q years In that tome, I have reviewed and tried scores of mvcs(ment research letters. I am now down to Stansberry Research and one other and use them pretty much exclusi,<lly as a starting pOInt for my own research, I don't buy all the recs Out pick and choose based on my own rnetrocs arid homework. As a result, I have 50"'" from each publication. 1 nave been an Alliance Member for over tlwee years .. nd il w~s the 0."$1 Ql~~~.!!!I!!l~ I have happy clients aoc I am extre me Iy plea s .. d wil h the resea rch and ana IY';iS ere vid ed a s well as the new pub lications t hat come with the serv.ce."

J would repeat exactly the same thoughts tada:!, Good luck to you in your easel

"II'S Friday ..... but Sunday's cornin'!" (author u"~nown)

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t)itps;!!tm_lll.guOg.le_corrvmultnlJl=.!~IK=JIU..!COj.rf .. HI .. \;;VIt:W-pto.;.aS_::iLl._

_ ?" T <safeedback@gmaiLcom>

SEC

1 message

Thu, Mar 4.2010 at 12:25 PM

To: feedback@starlSberoyresearch,com

TO whom it may concern,

I am an investment profess;o~t of some 20 years market experience, I have traded for Hull Tradi~g (bought by Goldman Sachs), Morgan Stanley, was a U6S O'COnnor hedge fund manager, and most recently work for SaVA as a sales professional

I find Porler's research to be eXC'61Ient, well reasoned and above all tn,rthful. II is apleasere to receive his golden grai~s of 9cmption where so mucl1 research tnsse days is chaff,

I loo~ forward \0 many years of a business wi:h this man IhrOl)9h my subscriptions to Stansberry & ASSOCiates newsletters.

Yours faithfully,

-

I,,: I

6111!2D10 5:24 PI\-

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comments on SEC case

., message

rnu, Mar 4, 2010 at 12:30 PM

TO: feedback@slanscerryresearch.com

Ills alT'.azing whal c.an happen when you dorrt ~ve the right "govemmenl" connections. I work for a relatively small broker/dealer. In 2004, we were sued by the NASD for selling our clients Enron bonds several months before the collapse. We did not have iro:Jepencent iixed income research and all bonds were required to have an investment grad", rating to be recommendec to ciients (which was the case when the Enron bonds were Sold 1. In ome r wOld 5 we reli eo sole lyon the r a :ing aEencies.

Did anyone go attar the multj..billion dollar rating agendes who dropped the ball on their Emon

analysis (and who subsequently went on to be one of lhe major factors in the real estate crisis)? No .. They wen! after a small company they feU could be intimidated arid chalk up an easy win. Luckily. we were purchase<l by a larger co mps ny, foug ht the ella r9 e 5, and wo n

Good luck with ycur case, I support you 100%. I n our Situation, we had customers

who unfortunately experienced losses. I'm not sure whO the SEC is trying to protect in your case. I've been a subscriber for a few years now and ha~ been in the financial services industry for more than 15 years. You; research is among the oest i've seen in my career. By the way ... the person spearheading the campaign <lg,,;;)St us was r~ilry Schapiro (then 'v'!i:e Chairman cf the NASD). Who IS Jono Galt?

Paid-up subscriber Steve

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6111120105:24 p"

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- •••••• <safeedback@gmail.com>

SEC

-~

Thu, 'Mar 4, 2010 at 12:31 PM

To: ieedback@stansberryresearch.co,,,

porter. i was appalled to read the de:~ils 01 yO'l! Ittig~!ion withe sec. r arn a gra<Juate of stanford law school. while i am not a securities lawyer. what you rel.te does not comport with what i know of securities law. nor do I see how the acncos of the sec that you have described serve one iota to protect or aav311ce the interests of Investors like me your publications, on the other hand, do protect and advance those interests. i am probably one of your earliest alliance members. as such. i have read all of your company's research lor many y.ars ailCf have regularly profitted from the insights. provided by same. i am a partner in a boutique law flrn, prircipally rocusao on matters relating 10 real estate. i ini:ially became an alliance member because of the work in your e:<lreme vall.>e newsletter on cornaanias with farge holdings of land·that were being undervalued by the public markets. given what i do for a living, i uoderstccc tile value althat research. invested accordingly, and sold when ; started to see real estate deals geltins stLIP;d (ie. underwritten not on the now but on the expectation 01 ever incre·aslng pnces in th<; future with ever mere exotic financinglleverage being usee to target same). i

pro fitted nancsorreiv from having done so i have an undergraduate degree in economics and am a business lawyer. as such i rsgularl)' review and advise Clients regarding private placements, joint ventures, acquisitions, oisposhons and. in the old days pre-crash, cevebprrent deals. j know what due diligence and thoughtful analysis are. 'iour publications all have them 8,10 ",,,e them in spades. i have. over the years, paid tor other lifeame subscriber deals similar to [he alliance that have been offered by other pub[jshing groups. while i have goaen value from 211 of them. i can safely say lha! the newsletters wrinen by your stable of aroalysts have provided me with tl1e best research of all of the newsletters tbat i read. there is no cheerleading, no momentum based gee whiz. no rediculous pie in the sky me too comparisons, etc. in your newsletters or ressarcn reports. ~i>ough i have flever written ;n before. i am a Iluge fan. i would unhesitatingly recommend

your puoncauons 10 others and ~ave done so. i wou'd be personally harmed in my efforts to be an informed irweslor ana to provide tor my fami:y by see~ir,.'l 'to lnvest my savings wiselY if i did not have tne benefit each mOCI" oj wi'la( you and you: stable of analysts write. please keep up your good work it is a privilege for me

to be a part 01 it j would ~ happy to speax ,,·it~ anyone re;arding how i feel about you snd the business that you n3ve blJilt. SinCerely. nick

"'As feQ",rer:! by United States Treasury R"gula/J';ms, plesse be aware thai ally a(Jvics contsmed ill, or iJltDched 10, (his (or My fOIIO",.up) communicstiot: II) was n~t illtended or wrilt~n I1J be used, and canllot be used. lor the purpose of avoiding penalties under fe<Jeral tax law, and (2) may not be used in connection with (nC' pr:uno!Ion. ilif/tklding or recommendation of ani ~riJr1s-.acfjon. investment or other arrangement or matter, €ixcepr as (!xpres,lly slaled olhenllise.··

1 his firm renders legal opinions and legal eovic« only in letters or memoranda, in each case wrillen on firm leUerhead, identified as such aM signed 011 .bllnall of tne firm. Nothing contained in 11li5 message sll,,11 (a) be deemed 10 cal)s~i!UJe a legal opinion or Iinal ecvice, Ib) satisfy Ihe raquirements for a wriilng, or (c) conslitute a cOIl/racl or electronic signatu..-e under tne ElectroniC Signatures In Global and National Commerce Acl. any version of Ihe Uniform Elec/ronic Transactions Act or any other slatute governing electronic uenssalons. Any ~ftachment sent by emeit shall, however. have tne same effect as if sen: by omer means.

611 J /1.lll 0 5:24 1':\.

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SEC

, massage

Thu, Mar 4,2010 at 3:19 PM

'r a feedcaCK@stansberryresearcl1.com

I nave had a 25 year career on Wall Street primarily dealing with rscognized dealer proprietary trading accounts and large, international in.<;titutionaJ OJ'MIS on lha customer side.

SII"Ge reaving [tic day-to-day worid of excnange floors and direct phone lines, I've traded my own capital trorn my homeiofllce over lhe I nternat. One cannot do this with ~ny degree of success witl>out very good research, I was 'uck~ enough to learr. about Stansberry and Associates ,hrough a reference on another financial site.

Base<! largely open your research and tnat of vour coUeaglJss, I have set up an excellent dividend· paying stock 3~L.":Oljnt as w~i! as a biJn-j account and a daily tradIng account The trading in each account is based upon

res .. arc" !hat I meG"" from Stansberry aro Asscciates. I slopped my subscriptions to many other "research" fir:",; as :'6Y were .• 1 be~i, only occasonasy Tlelp'ul, sometimes inaccurate and often just plain wrong,

Stansberry and Associates publiShes the fines:, rnos; well written, most unbiased and valuable researcn of any Of It'.., nu'11crous ilwestmem advisory letters to wh:ch I r.av,," ever subscribed! I make consistent monthly Irlcorne i, ern yovr reccrnr",ndat;ons and trade with a great deal or confidence knowing thai the inrormation thai I receive from you IS LInbiased, timely and accorate.

YClU arid your firm have my enthusiastic and unwavering support. I applaud your willingMss to go to the mal witl; tM SEC, I wceld w~ga, that you will prevail.

Yours velY truly.

6.IJ Jl20 I 0 5;23 I'~,

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SEC

1 mEssage

Thu, Mar 4, 2010 lit 10: 54 PM

To. teed back@S'3nSberryresearcl1.com

Mr. Porter Stansberry:

1 i1<\ve bee." a regu:ar reader and subsor;b~1 of Stansberry (and Agora) since early 2005.

T"Ie analysis and products are nothing short of fantastic. The approach is fearle.ss ar.d entertaining.

I r.ave performed Investigations 01 financial f a il\lres including PONZI schemes, primarily on behaK of Bankruptcy Trustees. fer ever 25 years.

I have be .. n involved in several matters that WHe simultareously under investigation by the SEC. I have yet to see S EO C inve st ig a! ion findings t hat reflect a de ep rooted a 00 eHecllve process. Unfo rtunately it a ppears the SEC errployees ale primari!y ct".ameled by the oureaocratic directions and limits of their system.

Your services are nOI a problem but rather serve as a PRESCRIPTION to the problem that the SEC was created to add res:;

We have a society m which financial education is completely inadequate. YoU! publications provide one of the be~1 sources for that badly needed education.

The SEC is doing" disse:"Vlce to investors Ilk~ I":1e that rely on your cutting edge rsse a rch and commentary in tnsse VOlatile limes.

I co hope Ine Goverrmerrt will move on from you and tocu .• its resources on the many frauds am misleading reporting problems thai plague our financial system. If they would do 50. maybe the next Madoff will be stopped in less than a decade!

3.4201(.

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I!IV7 ~<safeedbaCi<@gmail.com»

SEC

1 message

Fri. Mar 5, 2010 at 9;18 PM

To: feed ba ck@slansb€rryrese<lech.com

Porter.

I am a AI[i~nce Member. My story ls similar to many you have probably read. I had a ra;her large sum of "sale" morley in a Merrill Lynch CMA. I was earnin3 4% in a money market and was completely content. The money was set aside for a new business that I was in the process of stan"1g, I wanted no risk to capital so the account just

sat t.,ere lor about 9 months, Every week or ~NO I g:Jt a caa rrcm the broker te'iirlg me about these "fantastic invesln1ents as safe as a CD paying a ~reat qualified dividend". I went to lunch with him ard

learned more about these vehicles-preferred "locks in insurance cornpanles and ba~ks I was a trusting fool anj believed lI"Ie sales pitch without researching him. So: tried OM, ~OOO preferred shares

of AIG. After getting my first dividend, I was Ilired into getting

some more. Bank of America, Royal Bank oj ScotlaM, Wachovia. In August of 2008 I wamed to sell them all because they were down and they were never sl.opPDsed to go telow 23-24. After listenirlg :0 my oroker, I was convioced [0 stay in until the ne'" dividend paymant. N~~edl~ss [0 say trl one day In September 2008 lOS! 50% of my net worth. I held through the foil of 08 and then cashed o.r in Januarv w~h a

net wont> 30% below where I was before the sate in'Jestments.(SEC st'ol;id be aaer tbose guys) I accepted tbat tbs loss was my fault

rOl mil kr,owlng what I was investing In. I trustee a "professiorel'

in I roe inc uslry.

Afte, that financial lOSS I became motivated to ,,,izl< control of my investments. I have learnec 00 much jrom yo~ and your staff I have been treO ing mostly in rT'"'j 401 k a nd I have mo. ether. doubled It since I started taking your advice. I am now applying tne knowledge you share 10 earn a living. I love stocks. Lnvesting, your insights, YO'Jr staff

and all tile things you offe:, I have reccrrmeroec your letters 10 everyone tMatl know,

Please do not back down to the SEC' We support you arlC all of your stalL

8es i of Luck.

", r you se n<.1 rna to Washington, I promise yo" one 1I'.ing. tha t town will never be UlIB same again ."

P~ler Sehil!

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SEC

, message

Mon, Mar 8, 2010 at 1:04 PM

To. feeoback@SlarlSberryresearch.com

Porter,

i have oeen a subscriber to many of your publications for about 8 years and an Alliance member for about 5 years. Overall. I have been quite satisfied with your work and have profited substantially by following recommendations in your various newsletters.

Actually, for several years just about 0111 of my investment activity has followed advice in your publications. I particularly like Investment Advisory, 12% letter, Extreme Value, True Wealth and S & A Resource Report, I did invest in USEe after reading your report I sold out a few months later after making a few thousand dollars.

I want you to know that I am very satisfied with my Alliance subscription, am much impressed with the quality of your research, trust the integrity, objectivity and judgement of your editors and continue to rely almost exclusively on S & A recommendations. I completely support you in your legal')atlle with the SEC. This is clearly another example of the politically motivated hypocracy and malfeasance that penmeates so many of our government agencies. Such scandalous behavior has greatly undermined the faith the American people once had in their government. I applaud and commend you for having the courage (and financial resources) to fig.ht for your constitutional rights of freedom of speech and press in this issue. Hopefully. the Supreme Court will rule in your favor.

Good luckli!

I ,,( I

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•••••• ""safeedback@gmail.com>

Commendation. In re SEC Investigation

1 me,55age

T o: f,,",d na ck@$lansoerryrese,.rCh,oom Dear Mr Stansberry,

MOil, Mar 8, 2010 at 8: 12 PM

Sorry, I do call you Porter when I am muttering at my computer screen.

1 am over 70 years old and have been invesliJ'lQ for a bit over 50 years, Sa, I have seen a great mallY ups and downs in the market and a great many commentators and advisers, good and bad. I also like to think that I can sPOI phonies, con-men, and B.S, artists rather better than most investors, having been "taken in" a few times ... although it is 0/ course deadly to think tnat one is immune,

I suppose that I nave subscribed to, at the very least. 20 different investmeflt advisors, newsletters and such eve r I his ,,,If ~ ce n!ury, Y,oJ,Jrs a re the best

I cor-side- your newsletters (I subscribe 10 alm<J.st all at them) 10 be the best that I have ever subscribed to, YoU1 newsletters are well worth tile money I pay tor them III ever run into Dan Ferris, I will b~ him a bottle of we,allwer hiS tavorile drink is, il he drinks. OK, I will b~'Y him a case assuming il is nOI some hundred year old French Cr,arnpagne,

I run a oozsn i~vestment accounts for various friends afld family and the total value of these runs into quite a few million dollars, My investors (whom I do r.c,t cl1arge) are delighted with my renrns and believe me to be a g!!fliOS; my secret, Df course, being St;;nsberry & Assoclates .

. ~Q._QQtt.QmJjll!LL>1!l:!Jj@gl)te~~!1m~~WJl There is oot~esl indicaljoOJ!:l~_ilJ1: fI:Q"IBlli!\IQ9.~ming~Q!..Q!ming games wittl..Jhltil_~Qyr excelleOlr§.Etar.~.~

I WIS11 you well in toi.odd encoumer with the SEC, (Wait a minute, hasn't the SEC had to have a considerable rBorgamzution in recent months due to some e.regious inccmpe!enCies?)

r S. I .. muld nel wsm my full name to aopearn one of your '6wsletters or Email updales, You rnay, of course, coov 1~1~ communicalion to the SEC or such <I.encies.

··1"

6/11120105:19I'M

16

nups:» man. gcogre.corrv man. '(UI= .l~lf?' IlO.tCb.HY4& VICW'~ pt&a$ _ SIL.

I.

........ <s,afeedback@gmall.com>

SEC

2 messages

Tue, Mar 9,2010 a14:16 AM

To: feed ba ck@stansberryresearCh,com

I was a subscriber in 1999 and paid the $1,000 for the report that has the SEC prosecuting Porter. I made money I\NO got the $1,000 refunded. Porter's S&A Alliance is the best comprehensive investing/trading service that I have found since I started looking for investment research back in 1999. Should anyone ever want market advice, this is the place to begin.

The SEC charges are offensive to me and American freedom.

----- ._- - -., ,'--

S&A Feedback <safeedback@gmail.com>

Tue, Mar 9,2010 at 12:53 PM

1 Llfl

6il ti:lolO 5: 17 PM

17

.1

, i ~ .'

•••••• ~<safeeOback@gmail.com>

s c

r 0: teed ba{;k@s!~ ns ""rryre sea rch, com

Mon, Mar 8,2010", 11;43 AM

I wnte II'is note 10 any whom it may concern r"'larding Stansberry Research.

A persor. with ar- experience is never at the rn srcy 0' a person with an argumenl. So. from experience, let me tell you what Stansberry Research has done f)r my ~amily. My father and I both retired from Amoco Dil Corrroanv/Britlsh Petroleum. Dad didn" five very long after retiring, and mom. nor anyone else in the family. Mew llnYining atloeJI investing. Mom decided 10 use Merrill Lynch to mind her estate of about $120.000.00. w;1ic~ tMy d,d in a Managed Account • all cans were theirs. As my retirement approached, I mentioned to mom that l was go'ng to roll over my company saVings plan into Fidelity, who managed BP's retirement plans. Morr s<"d her portblio was "ie the tank." I asked to see her statements, and sure enough, it was down to 560,000.00. She hac laken a 50% I"'ircut in the ll9:lmo bust, Further investigation showed her money was all in hig!l-riSk Janus teen furods. And she is 70 years old at the time, We then moved her money to Fidelity, and I retuec and set up my acccuot with Fidelity, also. While at the Fidelity office s , we were told by the F:delity blks that mom had a case against Merrill Lynch as they were not supposed to have mom in risky lunds like they did at , sr age A lawyer friend at a ''ery 101'93 law ii'm in St Louis area (Sirnmor1SlCOOper) told her same thing and said with certainty they could recover her furcs. Mom and dad raised US to take responsibilty for our own actions, wniCl1 mom did in this case. saying she should not have waited so long to mention to her children Nha! was gOing on as the account had fallen over several months.

Sc, r:;offi Jrid I began cor ,nvesting careers in esrnest. Ner!her 01 us could use a computer, and mom did not ever. hav; om. My falh€fr.in,law gave mom 11$ old cornp~ter, and a gOOd friend began showing us r)Ow to use 1M 1M,!! We startod cut with Mutual FUMS lcrn Fidei.ty. wruch did well. However, while dad and I were wo,i<ing we hac always had every cent we had in Arrocc, and later. BP stock. We missed having our own company 10 roo: fo.' So \Ve began searchirog ever ;ea,chi~g. At first, we would read becks, articles, things on interre., anyl,,;r.g writt~n by Warren Buflet or Pe,er Lynch, until finally I stumbled onto something written by Matt Sa,dlali. We Illen fOUM Stansberry Res~arch. Started with the S&A Oil Report by Matt, as oil was what we Cloth ~new best. Over next lew years, I added mole aM more research report lellers from Stansberry until Irnally taking' out an -",llianee membership in late 2009.

And ~ow did !Ilis all go? Well. prior to tne market crashing in 2008. mom had recovered all, and my account had I:kewise gown beyond my wildest expectations. But there were storm clouds on the horizon. Mom and I woeld have mosllikely been ooJivious to this had it not been for the many ominous warnings written by the ream "I Stansberry and read by us on a daily basis. We na:llong before went to an all cash position by the tune me market Cr8sr.ed in lhe fall of 2008. \Natching in wonder and well aware that many folks had lost half 01 therr net worth, we had (10 intention of re-e1iering the frilY, but were content to just watch and wait. 14owev",. the team at Slansberry begs" eirncst immedra!ely telling their suoscrlbers lnat this was indeed a great bLr/i~g oppcrtunity. and might welt be Ire bu)'i1g opportunity of our lifetimes. So in November 2008. mom and I oegan bUYIng. We are quite pleased tint we did.

While 1l11,lVe come 10 respect. admire .• nd appreci",e al; of the analysts at Stansberry. we have a few tavorues just becsuse 01 01.1' own srtuations (i a. - reUred). Mom am I would booth willingly crawl over broken glass across several states 10 speak on lhe,r be hall. \ll/e h,,,,e gladly and lhanl(tully anlrusted all of our net worth tc the rnves~'l1ant advice we ~ave 9011e,' Iron- lllec" over the years, and look forward 10 having their 9""denc= until tr,e e"d. Drop by my mom's bouse anytime during market hours, and you wili fmd the laplop ~Ii\;l1g on uie din:n~ rcorn table wl,h Stansberry Research or 'lef Fidelity page on the screen. and the TV in li'>'I"9 rOIJrJ1 lurned ro FBN or CNBC. VI/hen W'O are criving in ihe car or sitting around talkinj:J, we mention Porter

&:11/2010 I 0: l~ AM

23

t)UpS:I/mall.gOQgle.conVI11.·UIF/uf-:.t~JiI..~ 11U~Cb.)4~4&v!cw· pt&q W:JL

Sl~"s~~rry, Dr SI~"e Sj~ggeruC:, Dan Ferris, Mal.! Baloisli, Jetf Clark, Braden Copeland, Frank Curzio, Sean Gotdsrritn. Tam yson, Mike Williams, Bnan Hunt. Dr. Dav,d Eifig, George Huang, and Rob Fan"on as if they we re 0 :., family f rie nd s

We hav~ learned ever so much that guides us, lik" Josition sizing, step losses and trailing stops. We are better able to see arid understand Ine big pic:ure. ,'1nd we spend very little time worrying about our portfolios.

At present time we have 38 stocks in our par>lolios that were recommendations 01 one or more of the analysis with St~nsb€rr.1 We are up on 30. and down on B HoweVer, on 2 of the B it is "my bad" as I did not b~ below their "buy up to price" b\Jl got greedy ~nd worried tr.ey would go up witholJl mom and I, SO actually, wi,,,,n I followed dire·;tions we are UP on 30, and DOWN on 6. They are as fellows:

up· ROY 41177% ATADF 4424%. ATUSF ~.23%, AUXVF 3,38%, AXL 9.18%. BRKB 16.03%. ell 9.45%. CRS 6.13%, OTV 1,95%, EGO 706%, FMO 4921%, FRX 183%,GDX 39,97%. G1GM 7.79%, INAP 5.96%, JINF,. :0 19%, KEI' 9.51%,MCD 16.49%, M3FT ~4.61% ~iAK 43.25%, PM 5.34%, REXX 52.89%. RRFFF 59 87%, SHAW 26.43%, SHLM 5,88%, SJT 3.20%, SVM 28,1'2%. SWS 3.93%, TO NT 15,16%. XOM 177%.

DOWN· A6X 7.47% (my bad), CMED 5.66~., DNR .96%, ENZN 14.34%, IOC 1585%, NGlPF 12,55%, RAMPF 24.08%, SlW 9,54% (my bad).

I also have BP since November 2008, UP 27.4{)%, Matt said buy an Irltegrated Oil Company, and he recommended COP, bo! since BP was myoid iirm, t chose it, but wOllld not had no! Mat! said buy an I "leg rat ed 0 il Correa ny.

I,., clu$lr'9. let me say that t respect and trust comptet,~ly the folks at Stansberry Research. Porter, Dan,

S:eve, :~3rt and !'lraden have given us most ~f our picks. They update us regularly, and either assure us all is well. or warn US we need to be aIS'1, They a so rrcrntor our stop losses. Mom and I have stopped out of t~'ee positions over the years. A very small 'lumber compared to our great number of winning trades. We coinc n01 be happier I am willirlg to discuss further my experiences with Stansberry Research at any time with arlyone.

Thanks to r your time,

6f21f2010 10: 14 A~'

24

_. l

i ;

........ r«safeedback@gmail.Com>

SEC

Mon, Mar 8, 2010 at 11:46 AM

To' .. feeob ack@staosberryresearctl.com" <feed back@starlSberryresearCh.com>

Move ever Porter. I f your criminally fraudulent then we must be co-consplrators. Myself and I'll bet others wou!d stand with you. They better get a bunch of cells reacy,

Seriously. you. advice has saved me from two major stock market crashes in the last 10 years. I may have not made a whole 101 0; money as my retlrernerr IS tied up in a 401 K and just a smail I RA for stock investment but I haven, 10,t money either due to your warnings. Meanwhil .. I am receiving a good education on how to handle my retlrement savings (not by investing in the limited mutual funds the 401 K offers) when 1 retire a~d handle it myself. Your publications have informed aboJt conservanve safe investing through position sizing. limiting losses, asset auocauon and market warnings. It is not just some hot stock publication ime~t on just selling lettsrs which is why tners is a full money back guarantee. Thank you, Thank you, Thank you. Paid up Alliance member -

612112010 10:101\1

25

.m:!lI·~I:.(_.

........ safeedback@gmail.com:>

SEC

1 message

Wad, Mar 10, 201 Q at 10: 30 PM

TO: feedb2ck@stansilerryresearol1.com

Add my name 10 the list of supporters of Stansberry Research, I began my association with yow publications with a subscription (0 the Oil 8. Gas report in ~007. now the Resource Report. t have been investing in equities smce 1%2. but 8(: 10 experiel"lCe or Idea of row to valce oil. lninlng. Of royalty cornpanies. The archives. special reports anc email updates nave been a tremsrdcus resource in helping me become familiar with thjs sector. 'Nhat I aid~'t expect was the tremendous euuction frcm the free reports that came alorog with it. the DaJ!:, I}I/~allh. GrOw(n Stock wIOe. Daiiy Cn .. , cpcates. arm the SM digest The updates from the Stansberry analysts, like Mr C;ark & Mr Huang about market cpportunites or risks have lead me to appreciate technical arelysls and /;eve a deeper understanding or risk/reward. Quite frankly. the education from your staff about trailing stops. po ition siz!r.g, and managirlg risk helped me realize that some of the trades I DIDN'T make were as important to my financial well being as the ones I did make. Most of all. learning 10 sell options helped me aCi1iv9 Ire best results of my investing career '112009. My taxable account was up 122% m;>stly due to selling puts, while my Rot)11 ra enjoyed 48% from selling ca'ls on Mr Sadaili's recommendations from the Resource Report

I can" say strorlQlY eno~ogh how much I enjoy the !raosparsi"lCY of YOllr organization as well as the knowledge that your polcies on p rohib'ti ng a nely slow ning recornmendat ions eliminate any potentia I conflicts of interest. Piease continue to persevere in your dealings with the S=C. Youve earned the support of our family.

-,_--- ----

--- il'.IUOiG ;;Of: r~E GREAT:~ GOOD

:- ·IB,

0.I2112QI0 10:22 AM

27

m!p:;;.;U1aJl.googJ~.~onvm.aII .• fUI-..:.6!.IK- t 11J..::I.:O.l4)1'-+6:. v iev, pt«.:1$_IJ" ..

.... ~ .... safeedback@9mail.com>

Stupid investors

2 messages

To: f"eclMcK@stansberryresearch.com

Thu, Mar 18, 2010 at 1 :26 PM

Porter -

II'~ S3d

~j"d'ael shorted ContInental Airlines, it went a~ainsl nil . an-:l he allowed wr.at could have been a modest loss to cecorne a huge loss. and now he's blaming you???

If he we-., my investment eli.,,,!. I'd ask him to pleass, please, do your business elsewhere. ,

i"VB been an irrve5trnent professional for just about 34 years now Ihavir>g started at Mother Merrill - but that's arv.>ther story!) j th'nk I'''e learned a rew lhin.s (a lot of them from Stansberry Research) aDout irrvesting over all those years:

Pos i i ion limits

Stop tosses and traiiing stops (let your profits run, OJt your losses short) - and have the guts to follow through if violated!

Oiversificati<Jn

Don'; tet your egc get in the way

M"'I~taln a large ··buflal table" of pO!ential in'i~~tments (that's why I absolLrtely love the Alliance) to buy from

Rule #1: Don't lose money

Rule #2: Don't forgel Rde #1

!f you aren't willi'1ll, or don't have the disclplme, or t~., lime to fOllow all the above, then hire a professioral (like me?) to do il for you

Perter. your mvestrnent services me the very cest, It must have been God himself that originali.y steered me to ye,,, co'npany some years age Are you pertect? Hardly, Am I pertect? Hardly, It's an imperfect world.

But, adhering to !hf.) rules liS led above (and I ve had 10 learn them all the hard way over the years. , , ) and ll.,rrHain,ng a healthy level of exposure to you, services for solid investment research, well, gee.. I've C<lncell<;d just abou! all tt1e OII1e' lovestmeot s~rvjoes I used to pay for (I'm letting the final one run out next

1,.1";

612 1/20 10 10:24 AM

28

'.,1,":11· ;\(IIIJIU lm';Si.Of-'

rnomn). That's how I was able to afford the "llianc;; buy-in. I've "tested- Stansberry Res.sareh tor many years rIOW, and I'm oonVlr>eed:

Stansberry Research Is the VERY best source of 'mbiased Investment research I've ever come across. Period,

Tell ali ),our wn,~r,y subscricers to buck-up, 3ec{;me an Alliance member. Follow the above-listed ruiesalong wl;h your research - "nd stop complaj'1ing when something doesn't work out perfectly as expected. It'll happen again. sometime. somewhere. so YO'J better have those rules in place to tell you wnat te do when S%&·' happens!l!

::0 IIII'IVE STi\l{: Ilcsl in Client Satisfaction Woe,tth Manager

required by regulation to review and store both outgoing and

,,,corr,,~g be required to produce e-rnali records for tne SEC or other

recuators in an ilw>:slillation. E-mall I cannot 0" guaranteed to be secure, tlmely Of error-free,

_Iherefore recommends that you do no: send confidential information to us via electronic mail, including ~C-COu~t numbers social security numbers cr any personal identification numbers, This is not an offer or soliGitation of an otter to buy Of sell any sec'Jrity. Investment or other product. Securities are offered through

Member FINRA an lmaffiliated

reg!smred branch 01 informatlon regardirog specific investment products is

29

•••••• t:safeedbaek@gman.com>

SEC

i message

Tue, Mar 9, 2010 at 11 :23 PM

To r2edbaCK@starlS~erryresearch.com

Your advisory and others within the StarlSbeny research group have been a valuable resource to me, providing eLf-ling edge research. analysis and perspective for the small investor. It was of interest and ~isturbir'9 to read of your travails with the SP:; around this casco The SEC suit make sense perhaps only in the tortuous logic of a b'J'eallCracy intent on asserting its power and scope. but with little apparent beroefit to the lnterest of the investing public who end up pav'ng the bill tor the effort

Porter Stansberry's published adVice "tantamount tc b;o~e;ing the stock"? Corns on give me a break! Are the opera!ioos and public recommendations 01 Cc·nsumer Repons tantamount to negotiatirlg the sales of cars and apotlances?

Ii ",., SEC can fho ! We better to do than attack pubtic dissemination of valid information, while atlowifIQ to slip past !he operations of the li~es of Bernie Madoff, w'; need to ,e-think the entire structure and operations of this agency.

With sympathy and admiration for the personal resoorces aoc treasure you have already expended tor the prctecton of your firSl amendment rights, I enccuraqe you \0 pursue your case to ths Ioighest court of the land. It J~st could be that 'he octcome will establish further legal bulwar1< and spare others from having 10 defend tne.r firSl amendmEnt rights against frivolous attacx by r;owertul governmer>t entities.

I "I 6121/1010 10:25 AM

30

••••••• safeedback@gmaiI.Com>

SEC

1 m~ssage

Mon, Mar 8. 2010 at 4;19 AM

To' lee<lbac k@staM'oerryresearch,com

----- Ori;l.nal Message _ •• _.

Fron"~"'_"l

To: fee{jb%J\@s_l~n~beifyre~l.lm Sent: SUMay, March 07,201011:48 PM Subject IJ.,'/II SUIT

Perter. I€i's hope the SEC gets back to doi"" tnelr lobs 01 overseeing the purchase and sales of stocks, bends, etc, irstead of going oursds of their jusdiction, How does the SEC believe lha! somehow they control w~.at you recommend? S&A Investment Resarch's policy or not owning any recommended stocks or bonds to irs reacers and that being the case hew does that involve the SEC? What ted them to your door?

As for me personally, S&A has taught me hOW to buy and sell stocks and bonds and your reccrnmendaaons have money for me. The education is "priceless" Before S&A. I had a 401k with only rnutual tunds, which were seJected on how they performed the year before_ I know how to do a little research on rrr; own, thanks to you JW YOur knowledgable editors, but I really r~ly on the recommendations I receive from S&A , nave tried other researc+ flfms a~d ,Vllho"t ,j dovbt yours is "8 ~esl I guess the best is always scrutinized the most from the ooJl.s'de_

I don't K!IOW if trois letter will help your case, but I hope the Supreme Court sees this issue tor What it is, a witch

hum, because you speak It',e truth, whiCh always prevail Good t.ucx. Paid up subscribert! ••••

6.121/2010 10:2j }\,\

31

And '.l1en trere's thai whole thing about 'tr~e speech' and ·freedom of the press' to consider. Please don't forget the First Amendment as yow deliberate on this imponant matter.

Respectfully suomitted;

/::

6fliflOl0 10:26 AM

33

~ "~ I

••••••• <safeedback@gmail.com>

SEC

message

Sal, Mar 6, 2010 at 7:48 PM

T 0: r"'~<.fb"ck@Sla·1sb(lrryresMrch"om

Porier.

I svrroatreze with your siluation. It is a sh"me the SEC is able to strong arm business organizations in such a way. I am a former USMC Intelligeooe An~lySI w'tn first t,and experience of how important il is to provide factual, accurate and trustworthy information 10 those who rely on it. As a Private Wealth Alliance subscriber I respect your opinion and find it to be one of the most factual and accurate analysis of investment opportunities. You are in a truly elite and rate group lMat tells it how it is - gOOd or bad. As a former Maril1e I hoid ir.tegrity high on my list of personal qualities I \l3lue in others. and you sir have it in spades. If we had 1110re ccnqressrnen like yourself I am confiden, our nation would be in a sigflificantly different and better situstion

AI the end of the day we all pUI our 'pants or' one leg at a time' We are all human and thus imperfect. US Go,'e'"men! employees are paid by and serve the citizens and should be held to a higher standard than "II oU,ors ,,'id se,vil '.'.-'ih the L,tmost integrity It '5 unfortunale all of those that serve the US citizen don't hold themselves to s'.lch a striCI level of integrity. M1en influenced by seil-interest or corruption they do us all a d.sservice and. $j'tOJld D~ help C:iccoul1\a~le Wif~'1 strict acuon taken.

In )'0'" situation 00 one was hurt. no one's ~roperty was da.mageo and your source of information didn't protest. Yet Ihe US governr"en; has wasted :"illlon5 01 dollars of tax payers' money attempting to Ilnd you guilty of a victim- less crime - whicM ,n my opinion was just an act of free speech. At what point does the SEC use a little common sense anc Integrity? I th'nk SE: lawye,s wOlJld do tax payers and US citizens justice by followirv.: some advise from Abraham Lincoln· "Discoorago 'i~·gaUon. Persuade your neighbors to compromise vJiH;ne~~r you carl. As a peacemaker the {a •. ryer hilS sup@rioroppor/unityof being a good man."

I believe you wers within your First Amendment Righls of free speech and I hope common sense rules in your favor. I loo~ forward to your organiz"tlcr's honest anc straight-forward newsletters in the future.

6121120 I 0 10:26 ALI':

34

; L

•••••• lI'saleedback@gmaiLcom>

SEC

1 message

Sat. Mar 6. 2010' at IS :16 PM

To' Stansberry Researcl1 "'feedback@stansb,,,,,yresearcl1.com>

The mission 01 thC! SEC is to protect the pllO'ie rrorn traders who profit dishonestly at the publiCS expense,

T~ person at fault was the USEC's investor relatic·ns officer who disclosed material information to Porter StMsb~~ry without making it available to tM public at large. He should nave made the information publicly svsilsbie at the same time as he lold it to Perter. The SEC should oot make Porter the scapegoat He had no way of gettillg tile mformaticn except from USEe.

1'0 "'10'" any conflict of interest. Porter Stansberry never purchased the stock and never benefitted from its soesecuent rise in price,

We have been suoscrjbers 10 Stansbeny Re,earc~ and A1lianoe members since 2003. We value our seoscnonon for t~e quality 2nC1 integrity of its reseerch.

We are both Chartered Fir.anciai Analysts. as chair of the Ethics Committee for the Delron

Financial Analysts Society lor 12 years and is well versed in ethical procedure. We nave never found Stansberry Research to be anYt.hing but open, honest and capable.

-_._----

HOlmal': Free. trosiec snCI rich email service. Get ,t~

612l/~OI{lID:17 Af\"

35

••••••• $~fe .. dback@gmail.cOI1.P

SEC

I message

Sat, Mar 6, 2010 at 4:53 PM

To: feedback@stansberryresearch.com

AmNica neecs ;;In organuaucn Idee the SEC to help :prO\~ct our cW:z:el1s against dishonest money managers and Stock brokers. IHnel1 very pubtic violations ,HE' brolJsr.t to the our citizen's. attention, we read stones about how ~h.;. 'SE-'(' is: ul'lclerstaff.ed and overworkso. I offer that if the SEC io,us.cd on their primary job of protecting American citizens Jnd left businessmen lik~ Porter Stansberry alone to help his custerners, thls would be a win· wtn suuatlon.

Sin ,. SU bWlbing :0 Porte, Stansberry', publiCootlons I have been extremely impressed by the quality and objecrt.viry provided in their newsletters. It is re<adily apparent that these publications are well researched, orgalliled and wfitt~11 with the goal of pro v idiil~ honest lnlormauon and teaching their readers to become better investors. For this I am very s<atefuL Porter'. newsletters provide me M absolute wealth of information tuat I tllWe- f10t been able to rind elsewhere, ThDUSh t do not act on all of t~e recornrnenuattons that are province! by Port~(; p~blica\ion, I can hcneslll sav that I do 'earn something from each recommendation and !'I:5 matter of laci, , ha\o'e learned to tnves: in new arees where before 1 had felt lntlrnidated.

I ~Jnlerrlv hope the SEC will drop their mi5W.Jl('f~d 1egal proc(>:;din~ against 'Porter sransberrv. It is. verv j;~lporhln' that Pc.tef be able to continue to provide his readers (aka students) the top notch quality iorormtnion th~H he shares wi lh us. on a daily ;)i).SiS_

It is my privilege to be able to subscrlbe to Poner St"nsberry's publications.

j •• ( i

6121no 1010:28 AM

36

llupS:l/m.'I.googl¢.COll>'II""lnUl~2&i~-"IU2cb.l4Y4&vicw-pt&os_ti

•••••• ..,safeedback@gmail.com>

SEC

message

Sat. Mar 6,2010 at 4:27 PM

TO f.,edback.@.Slans~erry[esearch.cQm

Porter Stansberry is Orle of the best. most r.onesi, market researcher/analysts out there. His work has helped me trernenClOUS~ in protecting and growing my weahh these past years. His research and investment recomrnencations have been invaluable to me and the guidance he provides in his newsletters gives me clarity anc 'JrderstanOing whereas most mainstrea.n commentary and analysis does just the opposite.

Tile SEC is OtVlOusly abusing lt's power by r.arrassing Porter, a man who has proven himself to be of the highest moral integrity. I find the SEC·s behavior in this matter to be shameful ana a blatant attempt to 1II,dermine truth, jrstice and the First Jlmm,,.,dment Through hls years of excellent work building his highly respected company, Stansberry and AS.socl~tes Investment Research. and in fighting the SEC·s corruption. POrier has clearly cemonstrated himself to be what I consider a true hero, and I stand by to give him my full ~~, pport a 00 endorserns nt.

Slncer~ly .

(jJ11f20;O IO:1~ M

37

im .. ul ·S!;L

J)ap~:,'/llm!l.googJc.cou1lmatl! tul-..:.tllJ .... - 11'l)..::!.:"O.J .... ''1"i,.l.L ... l,.;~'V pu.'I,.'~:J.~II •••

••• ••••• r""SafeedbaCk@QmaRCOm>

SEC

1 message

Sat, Mar 6, 2010 at 3:46 PM

To: feedback@stansberryro.search,com To whom it may concern at tile SEC,

1111 writing this leUer in support of Porter Siansberry and his work as a financial newsletter writer,

I've bee~ a subscr iber for mBny years, and place his work in the highest regard, At no time have I rueS_[ seen any evidence that he IS not represenling hiS sLbscribers, I've O~ seen any evidence of conllict of interest.

Your attack on Porter. 011 toe other hand. is cI;?arly not in my osst interest, Any person who writes a newsletter Ihat I subscribe 10 must be able 10 express /1iri1Self candidly and honestly. Yo~r attack undermines the relations between writer and reader and seems to indeed be an attack on the first amendment to our constitution.

Since ttle SEC is (at least theoretically) an insrltution serving the public, I respectfully request that you focus your efforts on perpetrators of gp_nJlin!2 fmLJCI and tnett: e,g. Timothy Ge~hner, Hank Paulson, Ben 8ermnke, Bemi" Madolf, et al.

RegardS

6.'2 ](20 I 0 10:29 AM

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im.dl -SH

........ 1' safeedback@gmail.com>

SEC

I meSS,"\!f

Sat, Mar 6,2010 at 3:09 PM

To. ieedMCk@stansberryresearcl1.com

Dear Sir'

I am a modest ana reluctant investor in stOCKS, bcnos, etc. that <Ire represented on paper. I became a reluctant investor as a 'YOLtng professional man after being ·ripped off' many times by retail brokers of major

na me bro ke rag e 's. I have mostly invested in smal I real estate deals w hich I could compte Ie Iy contro I my self and have been modestly successfut I have. a:Kl co, subscribe to a number 01 financJal newsletters. I have teen doing so for a number of years. I have teen fcllowing a number of flewslelters for several years now aM I have found that by noting a particular recommendation. following it (w~hout investing). and then evaluating I: at a tater date, tn.t tt>€! Stansbarry group provides excellent and accurate advise. I have also found that t.esxtes t..,e LrT'IIest"Tl!3nt acvlce reading their pU1Iica:io'" is one of the best sources' of busrness information and e~uca,lOn tnat i 'iave fauna anywhere, I am now 70 ysars 01::1 and have owned and mMaged 3 pharmacies, 2 gftt stores. small apartmenl ouildings and pres~ntty cwn and operate a {eta iI/wholesale battery company, I onlY Wise Stansberry'S service was available to me as a young marl I can guarantee I would be a better ouslnessrnan, investor, anc much more finar.cI~lly successful, The actions of the SEC re~ardjng Porter Stansberry is disgraceful and is particularly eg:egious considering the recent revelations of various Ponzj schemes as of late, So many laws, so mu<;h selective entorcerrent, so moen corruption, so many {eally rneaflingf~1 potential Illve.5tigations to co-duct, and so much time. money and resources wasted, I find the staosoerrv groups research very valuable and useful and deplore any attempt by tha SEC or any other authority 10 limit my access \0 such a private publication that has such high standard-s,

e<especiluJly Submil!eo

612],12010 10;43 .'\~/

39

! ,

•••••••• afel!dhack@grnaiLcor:n>

SEC

1 me"sag"

Sat, Mar 6, 2010 at 11:54 AM

TO. feed back@stansbarryresearch.com

J have subscribed to Porter Stansberry's Investment newsletters for several years. and find the rn ro bs 11"10'e tru th Fu I a nd produced Wdl more integrity than al most any other sou rce I have corne across in over 25 vears s.; an investment professional. I have worked For Chase, Credit SlJis,e Fi,-st Boston_ and was a Mannging Director at J P Morgan. I have been an

i ndependent Registered Investment Advisor 5i nee 2003.

The behavior a no treatment of Porte:' Stansberry by the SEC j n recent years is simply appa,lling,. and [ say that in the full k~owledge that the SEC is my own regulator and that this steterne nt may put me at risk of retr-butlon

11:1

Gr211'2010 10:43 AM

40

_ , ~'1

•••••• ;<safeedback@gmall.com>

SEC

1 message

ThU, Mar 4,2010 at 6:31 PM

10. reedback@slansberryresearch.com

To who it may concern-

I have been a subscriber of the Stansberry organization I think since it started. I joined the Alliance group about 8 (7) years ago when it was first offered. I can say that over the years Porter and his organization have never to my knowledge ever published anything that was not checked and re-checked.

I consider myself lucky to be associated with his organization and intend to continue to lister and follow his and his associates recommendations - I might add that I have made a great deal of money following them.

I have worked in the financial business for 30 years until I retired, subscribed to many newsletters but stayed with only two. Porters organization is top shelf. May I suggest that you read Porters letter arid check the facts before you folks waste any more of our taxpayers money on these frivolous lawsuits.

, I

6-';112010 )!I;46A.V.

41

J ;

. ,

•••••••• 'safeedback@gmail.com>

SEC

1 message

Tn U, Mar 4, 2010 at 3:19 PM

To: feed esc k@stans'"erryresearch, com Dear Porter,

J have had a 25 ,ear career 0" Wall Street p~maril)' dealing witn recognized dealer proprietary trading accounts and large, interrlational institutional clie~ts on the customer side,

Since leaving tile day-to-day world of el<Change floors and direct phone lines. I've traded my own capital from my home/office over Ihe Internel. One cannot do this with any degree of success without very good research I was lucky enough to learn about Stansberry and Associates Ulroi.lgh a reference on another financial site.

Based largely upon your research and that of your COlleagues, I have set up an excellent dMdend-paying stock account as well as a bond account and a dail" tradi'1l account. The trading in each account is based upon -esearcn th~1 I rece've from Stansberry and Msociates, I slopped my subscriptions to marry other "research" firms as lhey were, a! best, only occasionally hetpfu., sometimes inaccurate and often just plain wrong,

Stansberry and Associates publishes the fi""so, mast well written, most unbiased and valuable research of any of the numerous irwestrneru advisory letters to which I have ever subscribed! I make consistent monthly income "'am 'i0L;- 'eco11,,,,,1dations and trade with a ~re"l ,jeai of confidence knowing that the information that I receive "om you is unblased, timely and accurste,

Yew and yo~r firm have my entrosiasnc and u:cwS\lerir.g support, I applaud your will:ngnass to go to the mal \i.,it~ the SEC. I WOUld waqer that you will prevail,

Yours VG~! tr u!Y.

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61211201010:46 AM

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