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| == MarketWatch resignation and SEC investigation == | == MarketWatch resignation and SEC investigation == | ||
| In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry.<ref name="USAT" /> On January 10, 2005, the ] filed a case against him in the ].<ref name="SEC">{{cite web|url=https://www.sec.gov/litigation/complaints/comp19028.pdf|title=Securities and Exchange Commission v. Thom Calandra|date=January 10, 2005|publisher=] |
In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry.<ref name="USAT" /> On January 10, 2005, the ] filed a case against him in the ].<ref name="SEC">{{cite web|url=https://www.sec.gov/litigation/complaints/comp19028.pdf|title=Securities and Exchange Commission v. Thom Calandra|date=January 10, 2005|publisher=]|accessdate=2015-07-05}}</ref> The case involved civil fraud charges citing an illegal trading scheme, a "buy-write-sell" pattern involving 23 different stocks, and was also settled at the time of filing.<ref name="SEC2">{{cite web|url=https://www.sec.gov/news/press/2005-3.htm|title=SEC BRINGS FRAUD CHARGES AGAINST FORMER CBS MARKETWATCH COLUMNIST THOM CALANDRA FOR ILLEGAL TRADING SCHEME|publisher=]|date=January 10, 2005|accessdate=2015-07-04}}</ref> Calandra paid ]416,109.58 in ] of illegal trading profits and a civil penalty of ]125,000.<ref name="SEC2" /><ref>{{cite book|url=https://books.google.com/books?id=zWKY8wkjKY8C&q=%22Thom+Calandra%22+journalist&pg=PT199|title=Regulating Competition in Stock Markets|author1=Lawrence Klein |author2=Viktoria Dalko |author3=Michael Wang |publisher=]|date=2012|isbn = 978-1118236864|accessdate=2015-07-05}}</ref> Calandra's settlement with the SEC did not include an admission or denial of the allegations and agreed to a "permanent injunction from further violations of the antifraud provisions of the ]".<ref name="SEC2" /> In a 2011 interview with Karen Roche of ''The Gold Report'', Calandra apologized for his actions stating it was "no excuse for a trained journalist" and " I acknowledge my errors from back then".<ref name="TGR">{{cite web|url=http://www.mining.com/thom-calandra-taking-calculated-yet-extreme-risks-in-mining/|title=Thom Calandra: taking calculated yet extreme risks in mining|date=November 17, 2011|author=Karen Roche|publisher=The Gold Report|accessdate=2015-07-05}}</ref> | ||
| == Post MarketWatch career == | == Post MarketWatch career == | ||
Revision as of 04:43, 17 December 2020
| Thom Calandra | |
|---|---|
| Born | (1956-06-08) June 8, 1956 (age 68) Brooklyn, New York |
| Nationality | American |
| Citizenship | U.S. citizen |
| Education | University of Arizona, City University of New York at Brooklyn College |
| Occupation(s) | Financial journalist, stock investor |
| Spouse | Maura Thurman |
| Children | 2 |
Thom Calandra (born June 8, 1956, in Brooklyn, New York) is an American journalist, stock investor, and the former editor-in-chief and chief commentator for CBS MarketWatch from 1996 to January 2004, until his investigation by the U.S. Securities and Exchange Commission. Calandra writes for a number of other publications including the revived The Calandra Report.
Early life and career
Calandra studied English and journalism at the University of Arizona and English literature from City University of New York at Brooklyn College.
Calandra was a financial columnist for The San Francisco Examiner and a London-based editor and columnist for Bloomberg News in Europe. He was also the online financial editor of USAToday.com, and has contributed to a number of other publications.
In 1996, he co-founded MarketWatch, formerly known as DBC News, and served as the founding editor-in-chief. He moved to London in April 2000 and began a joint venture with the Financial Times called FTMarketWatch. In 2001 the venture folded into the Financial Times and he returned to San Francisco to serve as the chief commentator for CBS MarketWatch. In March 2003 he started the newsletter 'The Calandra Report' that would focus mostly on his own stock recommendations.
MarketWatch resignation and SEC investigation
In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry. On January 10, 2005, the U.S. Securities and Exchange Commission filed a case against him in the United States District Court for the Northern District of California. The case involved civil fraud charges citing an illegal trading scheme, a "buy-write-sell" pattern involving 23 different stocks, and was also settled at the time of filing. Calandra paid US$416,109.58 in disgorgement of illegal trading profits and a civil penalty of US$125,000. Calandra's settlement with the SEC did not include an admission or denial of the allegations and agreed to a "permanent injunction from further violations of the antifraud provisions of the federal securities laws". In a 2011 interview with Karen Roche of The Gold Report, Calandra apologized for his actions stating it was "no excuse for a trained journalist" and " I acknowledge my errors from back then".
Post MarketWatch career
In 2008, Stockhouse announced the launch of 'Ticker Trax By Thom Calandra' in a press release. Calandra stated he writes for BabyBulls.com and Beforeitsnews.com as well as a principal at Torrey Hills Capital. On August 11, 2012, Calandra announced the resumption of The Calandra Report via Twitter.
References
- ^ "Thom Calandra". silverbearcafe.com. Retrieved 2015-07-05.
- Thom Calandra (March 7, 2014). "The Calandra Report: Everything's coming up Stellar". stockhouse.com. Retrieved 2015-07-05.
- "Who The H Is Thom? [& Where?]". thomcalandra.com. Retrieved 2015-07-05.
- ^ "MarketWatch.com commentator Calandra resigns". MarketWatch. January 22, 2004. Retrieved 2015-07-05.
- ^ Michael Liedtke (January 22, 2004). "MarketWatch.com's chief commentator quits". USA Today. Retrieved 2015-07-05.
- Chris Roush (October 12, 2007). "Thom Calandra has seen the light". Talking Biz News. Retrieved 2015-07-05.
- "Securities and Exchange Commission v. Thom Calandra" (PDF). U.S. Securities and Exchange Commission. January 10, 2005. Retrieved 2015-07-05.
- ^ "SEC BRINGS FRAUD CHARGES AGAINST FORMER CBS MARKETWATCH COLUMNIST THOM CALANDRA FOR ILLEGAL TRADING SCHEME". U.S. Securities and Exchange Commission. January 10, 2005. Retrieved 2015-07-04.
- Lawrence Klein; Viktoria Dalko; Michael Wang (2012). Regulating Competition in Stock Markets. John Wiley & Sons. ISBN 978-1118236864. Retrieved 2015-07-05.
- ^ Karen Roche (November 17, 2011). "Thom Calandra: taking calculated yet extreme risks in mining". The Gold Report. Retrieved 2015-07-05.
- "Stockhouse Launches Ticker Trax by Thom Calandra Service". December 2008. Retrieved 2015-07-05.
- Thom Calandra (August 11, 2012). "TCR returns".