At least the disclaimer ahead of these infomercials on CKNW, CISL and who knows where else says the program is strictly for entertainment. I believe I've heard them on KGO as well.
Of course it's a scam. A high-powered one. It's especially laughable when the program brings on a guest and calls him the worldwide director of admissions for OTA. As far as I can tell there is no "academy" involved here. As with all these high-energy "space is limited" infomercials, you can be sure that the OTA is interested in one thing only, how much money you have in your bank account. And you can be sure they'll want to get their hands on at least $5 k of it, perhaps more than $30 k, to teach you "what the banks hope you'll never learn."
It's time that the radio station operators pulled the plug on allowing shysters like this to run their sleazy-sounding business.
Here's at least one link pointing to tales from those who've lost their savings to the OTA.
http://www.complaintboard.com/online-trading-academy-l199.html
It would be interesting to hear from someone who has taken a so-called class from OTA in the Vancouver area. Perhaps I'm just too skeptical and cynical.