LOS ANGELES — Every Saturday at 10am, listeners to iHeartMedia-owned conservative Talker KEIB-AM 1150 “The Patriot” can gain a greater sense of investment opportunities in the energy sector by tuning to “The Smart Oil & Gas Radio Show.”
The program has also been heard on iHeart’s KTRH-AM 740 in Houston, on radio stations owned by iHeartMedia, Emmis Communications, and on SiriusXM Satellite Radio. The central figure behind the show happens to be barred by FINRA, the Financial Industry Regulatory Authority, from acting as a broker or otherwise associating with a broker-dealer firm.
This explains why a group of plaintiffs have sued the four audio media companies in a Dallas Federal District Court, arguing that they should be held liable, in some way, for airing programming tied to “a known fraud recidivist.”
