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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (59435)	9/20/2000 3:32:18 PM
From: StockDung	Read Replies (2) \| Respond to of 122088

SEC Charges 15-Year-Old Boy With Internet Stock Manipulation from Bloomberg News WASHINGTON (Sept. 20) -- A 15-year-old boy agreed to pay $285,000 to settle regulators' charges that he manipulated stocks on the Internet. The Securities and Exchange Commission said it is the first case it has brought against a minor. Jonathan Lebed of Cedar Grove, New Jersey, used e-mail messages to tout stock he bought, the SEC alleged. He used fictitious names for the hundreds of messages he posted, the federal agency contended. "Mr. Lebed feels it's a fair settlement, and he and his family are happy to put the matter behind them,'' said the boy's attorney, Kevin Marino of Newark, New Jersey. Lebed neither admitted nor denied wrongdoing under the settlement. Lebed made $272,826 in profits after selling the stock he touted, the SEC alleged. Sep/20/2000 14:42 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.