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Revision as of 18:06, 29 July 2007 by Samiharris (talk | contribs) (adding that he neither admitted nor denied the charges)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Thom Calandra is an American journalist and novelist. He was the founding editor and chief columnist for CBS MarketWatch.com until 2004. The TJFR Group named Calandra one of the top 100 financial journalists in the United States.
Calandra has been a commentator on investing topics for almost 25 years, and was the San Francisco Examiner's daily investing columnist. He also appeared on the CBS Evening News, CBS Radio Network, and the CBS MarketWatch Weekend television show. Calandra was also a London-based columnist for Bloomberg News and was the financial editor of USAToday.com.
In 2005, the Securities and Exchange Commission settled civil fraud charges filed in 2004 against Calandra. He neither admitted nor denied the charges. Calandra allegedly profited by "scalping": selling stocks shortly after his investment newsletter's positive recommendations of the stocks caused their prices to rise, without disclosing the sales. Calandra paid over $540,000 in penalties as a result of the charges. From March to December 2003, he made over $400,000 through buying shares of 23 different small-cap stocks while writing favorable newsletter profiles recommending the stocks, and then selling the his shares after the stocks rose after his columns were published. He also was accused of failing to disclose that he was compensated from a stock promoter affiliated with two companies that he profiled.
Calandra was editor of the 2002 book How America Made a Fortune and Lost Its Shirt. He is currently an investor in Bambi Francisco’s Vator.tv. Calandra's first novel, Pablo By Numbers, was published in 2007.
Calandra holds a Master's degree in English from the University of Arizona and a Bachelor's degree of Arts from City University of New York at Brooklyn College. He lives with his wife and two children in Sausalito, California.
References
- CBS Marketwatch. "Executives".
- MarketWatch.com's chief commentator quits, Michael Liedtke, Associated Press, January 22, 2004
- SEC (January 10, 2005). "Thom Calandra, Litigation Release No. 19028".
- Business Journalism (January 30, 2004). "Commentator Calandra Resigns Amid SEC Trading Probe".
{{cite web}}:|author=has generic name (help) - Calandra's homepage