Money manager and Fox Business contributor Tobin Smith is dumped by the network following a...

Money manager and Fox Business contributor Tobin Smith is dumped by the network following a report his firm accepts money from microcap companies to promote their stocks. Smith and friends just pocketed $50K from a stock endorsement for Petrosonic Energy (PSON.OB), a Bulletin Board company that has no revenues - "taking a bag of cash and luring the dumbest, poorest people into losses," Josh Brown says.

Comments (12)
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    i am shocked, shocked that this is going on!!!! next we'll all learn that rating agencies were being paid to deliver AAA ratings on garbage CDO's
    18 Jun 2013, 07:03 PM Reply Like
  • fdmj456l;
    , contributor
    Comment (1) | Send Message
    Why are you shocked? Why is anybody shocked?! I never listened to Tobin Smith, never, EVER! I always do my homework before buying any financial products and recommend everyone to do the same!
    Do your own research and you won't need to listen to quacks like Tobin!
    19 Jun 2013, 12:25 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15302) | Send Message
    YAWN,,,,, ,Any one really never believed in pump and dump before does so now!!


    This took some nerve to try it on TV. Never liked that guy anyway.


    Whose next to be caught?
    18 Jun 2013, 07:07 PM Reply Like
  • Hendershott
    , contributor
    Comments (1891) | Send Message
    Never watch Fox New's it's faux. It's a hype, a scam, a giant rope a dope.
    18 Jun 2013, 07:08 PM Reply Like
  • Brett22
    , contributor
    Comments (83) | Send Message
    How about investigating Charles Payne on Fox; constantly pumping these small stocks "his firm likes". Just last month talked up 2 great microcaps Ballard Power and Capstone Turbine; now look at where these trade. Makes you wonder how many others doing the same..
    18 Jun 2013, 07:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15302) | Send Message
    If a buck can be made !! Just sayin.... I am sure we have plenty of undiscovered Bernie Madoff's running around .
    18 Jun 2013, 08:14 PM Reply Like
  • Terry330
    , contributor
    Comments (881) | Send Message
    Fox News strikes again.
    18 Jun 2013, 08:27 PM Reply Like
  • srrams76
    , contributor
    Comments (9) | Send Message
    Terry the Troll strikes again.
    18 Jun 2013, 09:16 PM Reply Like
  • KJP712
    , contributor
    Comments (472) | Send Message
    He will end up doing you tube videos.That is the future for most as television continues it's downward spiral.
    18 Jun 2013, 09:07 PM Reply Like
  • Jake2992
    , contributor
    Comments (1142) | Send Message
    Fair and Balanced. Right...... Only a complete moron would take Fox News seriously, unless your just watching for the laughs.


    Glenn Beck still has some gold coins left HAHHAHAH
    18 Jun 2013, 09:57 PM Reply Like
  • IncomeYield
    , contributor
    Comments (3761) | Send Message
    whatever happened at Change Wave?
    19 Jun 2013, 02:10 AM Reply Like
  • drgeezer
    , contributor
    Comments (10) | Send Message
    Fox did the right thing ! fire him ! The Obama Adminstration just continues the Lie and the fraud. CNN CBS NBC WOULD JUST PRETEND IT DIDNT EXIST.
    26 Jun 2014, 01:53 PM Reply Like
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