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3/02/2006
SEC Chief Cox Kills Journo Subpoenas in Overstock Fight
SEC Chief Cox Kills Journo Subpoenas in Overstock Fight
Continuing the Overstock thread from yesterday, via the New York Sun:
-- MDT
Selling the SEC ShortRead the full Sun editorial here.
March 1, 2006
The New Sun
The chairman of the Securities and Exchange Commission, Christopher Cox, this week shut down the subpoenas the agency's enforcement division had issued to journalists, and not a moment too soon. He acted after Dow Jones & Company Inc. announced that it would fight subpoenas requiring two of its journalists to testify about their sources for columns they had written about Overstock.com. On Monday, word emerged that the SEC was also going after James Cramer and his web site, TheStreet.com. It turns out that the SEC is investigating whether short sellers manipulated research firms and journalists to drive down Overstock.com's share price...
-- MDT
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