Thom Calandra

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Thom Calandra
Born (1956-06-08) June 8, 1956 (age 59)
Brooklyn, New York
Residence Tiburon, California[1]
Nationality American
Citizenship U.S. citizen
Education University of Arizona, City University of New York at Brooklyn College
Occupation Financial journalist, stock investor
Spouse(s) Maura Thurman[2][3]
Children 2[2]

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.

Early life and career[edit]

According to Calandra, he studied English and journalism at the University of Arizona and English literature from City University of New York at Brooklyn College.[1]

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.[6][4] 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[edit]

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.[9][8] 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[edit]

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[edit]

  1. ^ a b "Who The H Is Thom? [& Where?]". thomcalandra.com. Retrieved 2015-07-05. 
  2. ^ a b "Thom Calandra". silverbearcafe.com. Retrieved 2015-07-05. 
  3. ^ Thom Calandra (March 7, 2014). "The Calandra Report: Everything's coming up Stellar". stockhouse.com. Retrieved 2015-07-05. 
  4. ^ a b c d e "MarketWatch.com commentator Calandra resigns". MarketWatch. January 22, 2004. Retrieved 2015-07-05. 
  5. ^ a b c 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. ^ a b c "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. ^ a b 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". 

External links[edit]