The Securities and Exchange Commission is investigating TheStreet.com for how it recorded revenues from a subsidiary, according to a Reuters story.
The story states, “The company, founded by television personality and former hedge fund manager Jim Cramer, made the announcement in a form it sent to the SEC in which it asked for more time to prepare its financial statements.
“The probe relates to how revenue was recorded at an online promotions subsidiary called Promotions.com, which TheStreet.com sold in December.
“A spokesman for TheStreet.com declined to comment.”
Read more here.
