Quick Verdict: Regulatory Actions & Criminal Charges Against a Child
Is Warrior Trading Legit? Ross Cameron’s Warrior Trading is one of the most visible day trading platforms online.
However, prospective students should be aware of significant regulatory actions.
In April 2022, the company agreed to pay $3 Million to settle Federal Trade Commission (FTC) charges regarding misleading earnings claims.
Additionally, public court records reveal that the company's co-founder, Jeffrey Fortis, was charged with felony sexual penetration and misdemeanor child molesting and he pled guilty to two acts of lewd conduct. Given these factors, we advise extreme caution.
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If you are researching day trading courses, you have likely seen Ross Cameron of Warrior Trading. His YouTube advertisements frequently showcase significant trading gains.
However, a "deep dive" into public records reveals a complex history involving federal regulatory settlements, failed lawsuits against critics, and a co-founder with a serious criminal record.
The Criminal Record of Co-Founder Jeffrey Fortis
While Ross Cameron is the public face of the brand, corporate filings tie the company’s history to Jeffrey Peter Fortis.
Court documents obtained by BestStockStrategy reveal a disturbing background. Jeffrey Fortis was charged with a felony including Sexual Penetration of a minor and misdemeanor Child Molesting.
Child pornography was also found on Mr. Fortis' laptop by the police:
"I exported the results of the keyword searches to a text document and sent it to Lt. Barnes for
review. I noted that I did get hits that indicted someone using this computer had searched for
items relating to child pornography."
Public records showing charges against Warrior Trading Co-Founder Jeffrey Fortis
According to the Order of Probation (Case No. CR54044), Fortis eventually entered a plea of Guilty to violations of California Penal Code Section 647(a) [Lewd Conduct].
The Wrongful Termination Lawsuit:
Fortis later sued Warrior Trading for wrongful termination. In that civil suit, Warrior Trading’s defense alleged that Fortis was fired for cause due to various issues, including:
- Offering cocaine to another employee at a work function.
- Possessing a firearm in the workplace.
- Unauthorized use of company funds.
Read the Public Records:
+ Jeffrey Fortis Felony Complaint (PDF)
+ Civil Lawsuit Summary (PDF)
The $3 Million FTC Settlement (2022)
In April 2022, the Federal Trade Commission (FTC) took action against Warrior Trading, Warrior Operating Inc., and Ross Cameron.
The FTC's complaint alleged that the defendants engaged in deceptive practices regarding the potential for consumers to earn money. The Commission specifically challenged the company's claims that consumers could earn a full-time income with minimal capital.
The Outcome:
Without admitting or denying the allegations, Warrior Trading and Ross Cameron agreed to a Stipulated Order for Permanent Injunction and a $3,000,000 monetary judgment to provide refunds to consumers.
+ Read the Full Stipulated Order for Permanent Injunction, Monetary Judgement and Other Relief
+ View FTC Consumer Complaints
Ross Cameron Net Worth: Trading Profits or Course Sales?
Ross Cameron frequently flaunts a lifestyle of luxury, leading many to search for Ross Cameron's net worth. While his actual financials are private, industry estimates suggest his net worth could be upwards of $25 Million.
However, the source of this wealth is a subject of debate.
+ The Marketing: Ross claims to make millions from day trading small-cap stocks.
+ The Reality: The FTC complaint alleged that Warrior Trading made misleading claims about the potential for consumers to earn money.
The "Guru" Business Model:
While students (according to the FTC and broker data) often lose money, the business of Warrior Trading is incredibly lucrative. Between course fees, chat room subscriptions, and simulator costs, the company generates massive revenue regardless of whether the students win or lose.
It is our opinion that the vast majority of Ross Cameron’s net worth is likely derived from marketing and subscriptions, rather than the scalable application of his trading strategy.
Professional Associations: The Raging Bull Connection
Before Warrior Trading became a household name, Ross Cameron was associated with Raging Bull.
Raging Bull Sued by the FTC for Running a $137MM Scam
Brokerage Data: Do Students Make Money?
Beyond the FTC findings, industry insiders have commented on the performance of Warrior Trading students.
Guy Gentile, the founder of SureTrader (a brokerage formerly used by many Warrior students), stated publicly on X (formerly Twitter) that "nearly all" of the clients referred by Ross Cameron lost money.
This data aligns with the FTC's allegation that Warrior Trading's marketing exaggerated the likelihood of student success.
Warrior Trading vs. Free Speech: The Emmett Moore Case
Warrior Trading has a history of litigating against critics. However, they do not always win.
In the case of Cameron vs. Moore (Case No. CVCV-17-1538 in Yolo County, CA), Ross Cameron and his company sued an individual named Emmett Moore.
The Result: On March 1, 2018, the Superior Court of California GRANTED Emmett Moore's Anti-SLAPP Motion (Strategic Lawsuit Against Public Participation). The court found that the complaint arose out of the defendant's protected speech.
This ruling is significant because Anti-SLAPP laws are designed to prevent companies from using lawsuits to silence valid public criticism. The court’s decision to strike the complaint validates the right of individuals to speak freely about public figures in the trading space.
A Better Way: The "Financed Bull" Strategy
The FTC action and the failure rates cited by brokers highlight the extreme difficulty of day trading.
At BestStockStrategy, we teach the "Financed Bull" strategy. We utilize options mathematics rather than day-trading volatility. By buying call debit spreads and financing them by selling naked puts on high-quality companies, you can participate in the upside for "free" while maintaining mathematically superior risk management.
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Stop Gambling. Start Winning.
I've discussed options trading vs. day trading, and while I believe that options trading is vastly superior.
Learn a strategy that prioritizes capital preservation and mathematical probability.
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Consumer Resources
If you have concerns about a trading product, you can contact the following agencies:
+ Federal Trade Commission: Report Fraud
+ SEC Whistleblower Program: Submit a Tip
Conclusion: Warrior Trading and Ross Cameron Review
Ross Cameron and Warrior Trading seem to be amazing at day trading.
While there are claims that they front-run their members and that their members lose money, I feel that since virtually all day traders end up losing money, Warrior Trading is likely no worse than Humbled Trader, ZipTrader or Steven Dux.
Source Documents & References:
1) Jeffrey Fortis Co-Founder Evidence
2) Jeffrey Fortis Felony Charging Document
3) More information about Jeff Fortis, Co-Founder of Warrior Trading: https://drive.google.com/file/d/1ACEV8VYtwX-NjLK7EYXsagVjyWPyIpws/view
4) Jeffrey Fortis Sued Warrior Trading and claimed wrongful termination after Ross Cameron fired Jeffrey Fortis for theft, poor performance and other issues: https://drive.google.com/file/d/1DdFy33yvhS4Jf2GSoRSWpiRBjXt-Pciw/view?usp=drive_link
5) FTC Complaint: https://drive.google.com/file/d/1sfkqNpAOicPgXCSKbHPqZb6jvK6g3Awv/view?usp=sharing
6) Ross Cameron may have claimed to be an architect, which is false, and, if he did make those claims, it's a crime in NY State: drive.google.com/open?id=1IlpM4a1gK0lvv4XjmRA6QFXT4CsThwHZ
7) Guy Gentile of Sure Trader says that "nearly all" Warrior Trading students lose money: drive.google.com/open?id=1ity50wbj6CrLr87hyBLIbgntmA0SLKid
8) More info about Warrior Trading students potentially losing money: drive.google.com/open?id=10O5Xkyzpjs_8y7F5whu8dy21RJg9FlcV
9) Guy Gentile's (Founder of Suretrader) thoughts on Warrior Trading: drive.google.com/open?id=1S-bz6vjAf8DcNieM54i_msnqzfKn1Se3
10) Warrior Trading and Ross Cameron also filed a frivolous lawsuit and lost an anti-SLAPP case in California when attempting to chill free speech: drive.google.com/file/d/1IJzDKbcZxZiOrAtWeYSn4I9WSXBEOrcY/view?usp=sharing
11) Message that Warrior Trading sent to their members when they were under FTC investigation: https://drive.google.com/file/d/1lxLl7kmvSu0Xh8AxZFUDiYehbX6MFYhh/view?usp=drive_link
12) Ross Cameron used to work with Raging Bull (charged with running a $137MM fraud): drive.google.com/file/d/1BKaam1RaqXxWEuK90sptpKgLIktTZXIn/view?usp=sharing
13) Warrior Trading claims that 80% of their members are profitable (the FTC claims that this is false): https://drive.google.com/file/d/1AqQAinzAIcb_pKCuCDpc72sa96wD7Xnd/view
14) Read the individual FTC Complaints (through 2020) lodged against Warrior Trading - https://docs.google.com/spreadsheets/d/1imuXriEVa-cHvhAtpocjGQb4B9MsDSq6/edit?usp=sharing&ouid=100969359093290463221&rtpof=true&sd=true