|
Under the settlements Alwine agreed to pay a civil fine of $120,000 and Barnett is paying a $130,000 civil fine. Ashman agreed to a $125,000 civil fine and to reimburse TheStreet Inc. $34,240.40. The SEC recovered the money for the company in a so-called "clawback," under an anti-fraud law that requires senior executives to repay bonuses and stock profits they received during a period in which their company violated financial reporting rules. TheStreet.com was co-founded in 1996 by former hedge fund manager James Cramer, who is the host of cable TV network CNBC's "Mad Money" show. In September, TheStreet Inc. announced its purchase of The Deal LLC for $5.8 million. The digital publication specializing in news on mergers and acquisitions brings a customer base of 40,000 professionals, including bankers, lawyers and partners in private equity firms, TheStreet said.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor