Indigo Investment settles with FTC.

Publication: The Business Journal (Serving Greater Tampa Bay)

Publication Date: 09-FEB-01

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COPYRIGHT 2001 Hoerner Publications of Tampa Bay

* NO GUILT: Firm changes ads, maintains it's innocent

SARASOTA -- An investment software company in Sarasota settled charges leveled by the Federal Trade Commission by agreeing to alter its advertising regarding profits and risk.

In the settlement, Indigo Investment Systems Inc. and founder Frank Alfonso did not admit to any violations alleged by the FTC.

However, the company consented to add information about the risk involved in stock trading and to back up any claims about profits its software program users would make,...

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