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Violation Tracker Individual Record

Company: WealthPress
Penalty: $1,700,000
Year: 2023
Date: January 13, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress agreed to a proposed court order that would require it to refund more than $1.2 million to consumers and pay a $500,000 civil penalty for deceiving consumers with outlandish and false claims about their services.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.