Wall Street Watch's Barry Davis Pleads Guilty To Stock Manipulation Charges

THIS WEEK'S LEAD STORIES

Barry Davis, proprietor of the Wall Street Watch pay-per- call stock-tip service, pleaded guilty late last month in Newark, N.J., federal district court to a five-count felony charge, admitting his role in five non-NASDAQ over-the- counter stock manipulations.

Davis faces a maximum of 25 years in federal prison and more than $1 million in fines. But no sentencing date has been set. U.S. attorney Michael Chertoff says Davis has agreed to cooperate with the government, presumably on continuing

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