In a surprise press release today,CNBC is sponsoring another free to enter online stock trading contest.It looks like the name will remain the same “cnbc million dollar portfolio challenge”.A new contest was not expected so soon after the summer end of the last contest ,also named the same.More details will follow.2008-10-27

Well today CNBC announced the long anticipated new 1,000,000 dollar contest for 2008.After last year’s scandal plagued contest which featured cheating and hacking of the contest;It is likely that security has been improved for this years version.If you recall last year the awarding of the money to the contest winner,Waitress Mary Sue Williams from St. Claire Ohio,was delayed for several months as CNBC’s legal department attempted to audit the results and disqualify the cheaters.The deadline of time CNBC had to award the prize[as stated in the legal terms on the company website] was run to the wire by this investigation,but they did award it .Some had thought that they would not have the contest due to the bad publicity generated.Perhaps the newly competitive business news landscape because of FBNs debut made CNBC wish to use this Promotion once again.This years version will allow contestants to trade currency as well as stocks

2007 winner Mary Sue Williams; who still works at Unos restaurant in St Claire,despite winning the grand prize of $1,000,000;paid in the form of a annuity;complained that her tips had suffered as customers stated “we will only tip 5% since your rich”.and similar coments.It’s not easy being rich! 2008-04-28