TraderPlanet Scoops Up SFO and TradersPress In Wasendorf Fire Sale
11/02/2012 is pleased to announce the purchase of SFO Magazine and TraderPress.

Online PR News – 02-November-2012 – Wesley Chapel, FL –, a free educational community for over 68,000 trader members, expanded substantially the breadth and diversity of its educational offerings with the purchase finalized on October 12. completed the transaction with the legal receiver for the now jailed Russell Wasendorf Sr. in the wake of the bankruptcy and fraud at his companies, which included the brokerage firm PFGBEST.

"We are excited to further develop the various educational resources on TraderPlanet. We are going to incorporate this material into our model which is providing education to traders for free," said Lane Mendelsohn, president and founder of

Wasendorf launched SFO Magazine 10 years ago and built the publication into one of the most widely read and well-respected trading publications. The magazine was known for taking technical strategies and simplifying them in a way even beginning traders could understand, while taking on some of the more challenging economic topics of our time. SFO Magazine boasted top industry writers over the years including John Bollinger, Steve Nison, Ralph Acampora, Linda Bradford Raschke and Jack Schwager.

Founded with charitable and altruistic goals, TraderPlanet does not seek to profit from its free membership community and instead generates revenues based on an advertiser supported business model. Rare in the investing education world, Mendelsohn instead wants to provide traders with daily market analysis, educational strategy articles and guidance in the area of risk management and trading psychology at no charge to the community.

"TraderPlanet will honor SFO magazine's legacy by continuing to offer this content free of charge to our members," Mendelsohn said. With the recent purchase, "we will be expanding our digital E-books library and the historical archives of our contributors substantially," he said.

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