Thom Calandra

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.

Thom Calandra
Born (1956-06-08) June 8, 1956
Brooklyn, New York
NationalityAmerican
CitizenshipU.S. citizen
EducationUniversity of Arizona, City University of New York at Brooklyn College
OccupationFinancial journalist, stock investor
Spouse(s)Maura Thurman[1][2]
Children2[1]

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.[3]

Calandra was a financial columnist for The San Francisco Examiner and a London-based editor and columnist for Bloomberg News in Europe.[4][5] He was also the online financial editor of USAToday.com,[5] 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.[4][6] He moved to London in April 2000 and began a joint venture with the Financial Times called FTMarketWatch.[4] In 2001 the venture folded into the Financial Times and he returned to San Francisco to serve as the chief commentator for CBS MarketWatch.[4] In March 2003 he started the newsletter 'The Calandra Report' that would focus mostly on his own stock recommendations.[4]

MarketWatch resignation and SEC investigation

In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry.[5] 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.[7] 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.[8] Calandra paid US$416,109.58 in disgorgement of illegal trading profits and a civil penalty of US$125,000.[8][9] 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".[8] 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".[10]

Post MarketWatch career

In 2008, Stockhouse announced the launch of 'Ticker Trax By Thom Calandra' in a press release.[11] Calandra stated he writes for BabyBulls.com and Beforeitsnews.com as well as a principal at Torrey Hills Capital.[10] On August 11, 2012, Calandra announced the resumption of The Calandra Report via Twitter.[12]

References
  1. "Thom Calandra". silverbearcafe.com. Retrieved 2015-07-05.
  2. Thom Calandra (March 7, 2014). "The Calandra Report: Everything's coming up Stellar". stockhouse.com. Retrieved 2015-07-05.
  4. "MarketWatch.com commentator Calandra resigns". MarketWatch. January 22, 2004. Retrieved 2015-07-05.
  5. Michael Liedtke (January 22, 2004). "MarketWatch.com's chief commentator quits". USA Today. Retrieved 2015-07-05.
  6. Chris Roush (October 12, 2007). "Thom Calandra has seen the light". Talking Biz News. Retrieved 2015-07-05.
  7. "Securities and Exchange Commission v. Thom Calandra" (PDF). U.S. Securities and Exchange Commission. January 10, 2005. Retrieved 2015-07-05.
  8. "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.
  9. Lawrence Klein; Viktoria Dalko; Michael Wang (2012). Regulating Competition in Stock Markets. John Wiley & Sons. ISBN 1118236866. Retrieved 2015-07-05.
  10. Karen Roche (November 17, 2011). "Thom Calandra: taking calculated yet extreme risks in mining". The Gold Report. Retrieved 2015-07-05.
  11. "Stockhouse Launches Ticker Trax by Thom Calandra Service". December 2008. Retrieved 2015-07-05.
  12. Thom Calandra (August 11, 2012). "TCR returns".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.