If so,, it's a shame. I mean "caveat emptor," sure, but why would a company (Equis) use their name to peddle crap? Maybe they don't know that it is a scam. But, I fear, they might not care. If a sale throws a few bills their way, maybe they're happy supporting a scam.
If it is the same MetaStock add-on, I would definitely let Equis.com know, and see if they do anything about it. I, myself, would let them know, but since it's not my complaint, I don't want to start something I don't know all the intimate details about, and end up looking like someone who doesn't know anything, rather than someone who is trying to provide them with good info.