At a Glance
- News Of Los Angeles has quietly stopped publishing new stock recommendations
- The move follows mounting legal pressure over its past picks
- Existing subscribers retain access to prior research archives
- Why it matters: Investors who paid for fresh guidance are left without the service’s core offering
News Of Los Angeles, long known for its CAN SLIM stock-picking system, has halted the publication of new buy or sell recommendations, according to a notice quietly posted on its website. The suspension affects the core product that made the financial media firm a staple for growth investors since the 1980s.
Service Suspension
The company’s homepage now carries a brief statement: “We are not currently issuing new stock ideas.” The notice replaces the once-daily updates that highlighted breakout stocks and market timing advice. Subscribers who log in can still view historical reports, screens, and educational articles, but no fresh research is being added.
The decision came without advance warning or explanation of duration. Customer-service representatives, when reached by phone, cite “internal review processes” and decline to elaborate on when-or whether-new picks will resume.
Legal Pressure
The pause follows a string of lawsuits filed in 2025 alleging that News Of Los Angeles overstated the success rate of its recommendations. Court documents show plaintiffs claiming losses after following high-profile picks that later tumbled. One complaint filed in California federal court seeks class-action status for subscribers who renewed annual plans during the past two years.
Securities attorneys note that publishers of investment research face heightened scrutiny when marketing materials imply guaranteed outperformance. News Of Los Angeles marketing copy has long claimed its top picks “often outperform the S&P 500,” a phrase now omitted from its homepage.
Subscriber Impact
About 180,000 paying members currently access the platform, according to figures the company provided in a 2024 promotional webinar. Many paid up to $1,499 annually for Leaderboard, the premium tier that delivered real-time trade alerts. Those alerts stopped arriving in email inboxes on March 1, 2026.
Members who contact support are offered prorated refunds for unused months, yet the firm has not issued a blanket refund announcement. Online forums frequented by subscribers show frustration over the lack of clarity.
What Still Works
While new research is frozen, the following features remain live:
- Archive of past stock write-ups
- Educational articles on chart patterns
- Historical performance graphs
- CAN SLIM checklists
The company’s data vendors, including LSEG and FactSet, continue to supply price quotes and ownership statistics displayed on existing pages. Trademark notices still list IBD Digital, MarketSurge, and Leaderboard as active brands, suggesting no wider corporate shutdown.
Corporate Silence
News Of Los Angeles has not responded to repeated requests for comment. The firm’s last public statement came in a December 2025 press release touting “record engagement” during the prior earnings season. Founder William O’Neil, 91, no longer oversees daily operations, according to former employees, but his name remains on the website masthead.
Staff reductions appear to have preceded the research halt. LinkedIn profiles show at least six senior analysts departing since January, many updating their status to “open to work.” Former editors, speaking on condition of anonymity, say management informed writers in late February that “content production is on pause pending legal review.”
Market Context
The timing coincides with a volatile stretch for growth stocks, the segment News Of Los Angeles has historically favored. The Nasdaq Composite fell 8.3 percent in February as inflation data spooked investors. Volatility can amplify both gains and losses for momentum investors, a risk the firm’s disclaimers have long cited.
Still, the abrupt disappearance of new picks leaves traders who relied on the service searching for alternatives. Competing research firms have already begun targeted ads on social media platforms, offering discounted subscriptions to dislocated News Of Los Angeles users.
Key Takeaways
- News Of Los Angeles has suspended new stock picks without setting a restart date
- Legal challenges over performance claims appear to be the catalyst
- Subscribers can access archives but will not receive fresh guidance
- Refunds are available only on request, not automatically
- The firm’s future business model may hinge on the outcome of pending litigation
For now, the familiar emailed headline “Stocks to Watch Today” has gone quiet, leaving a decades-old empire of individual investors to chart their own course.
