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Found 1 result

  1. Kim
    https://www.sec.gov/litigation/complaints/2016/comp-pr2016-184.pdf Backus and Wealthpire made materially false statements in advertisements. As a result of their fraud, Backus and Wealthpire received $1,135,145 in ill-gotten gains from subscription fees for the Alert Services. Joiner operated the First Hour Trading online chat room, posed as “MANNY_BACKUS,” and falsely represented that he (as Backus) was buying and selling certain recommended stocks when no such transactions were actually taking place. I hope SEC will finally start prosecuting more of those charlatans. They make a bad name to the whole industry.