This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Stock newsletter company, owner to pay $1.5 million to settle fraud charges

( September 13, 2016, 19:47 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission on Wednesday announced that stock newsletter company Wealthpire and its owner, Manuel E. Jesus, have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements and misrepresentations. The SEC alleged that Wealthpire falsely claimed that Jesus, a supposed prodigy and self-purported “stock trading whiz kid” under the alias Manny Backus, was personally recommending trades to subscribers that he made himself. Statement follows in full. Also see document below. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login