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Non-Tech : Thom Calandra, CBS Marketwatch and IVAN - Exposing the TRUTH

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To: who cares? who wrote (98)1/22/2004 3:45:19 PM
From: Wolff   of 167
 
MarketWatch.com's Calandra Resigns
Thursday January 22, 3:39 pm ET

NEW YORK (Reuters) - MarketWatch.com Inc. (NasdaqNM:MKTW - News), which runs a financial information Web site, on Thursday said Thom Calandra, its chief commentator, resigned amid company and regulatory probes into his trading activities.
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The San Francisco-based company said the U.S. Securities and Exchange Commission (News - Websites) began an informal inquiry into Calandra's trading activities dating back to October 2002.

MarketWatch.com said it is continuing its own investigation into whether Calandra violated its trading and disclosure policies. It said it began this investigation after learning in December 2003 of the SEC inquiry. It said the SEC has asked it to produce documents and other relevant information, and that it is cooperating fully.

MarketWatch shares traded Thursday afternoon on the Nasdaq at $9.85, down $1.08, or 9.9 percent.
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