The Securities and Exchange Commission’s new regulations on when a journalist can be subpoenaed left out one important detail, according to former BusinessWeek reporter Gary Weiss, who points this out on his blog: They didn’t define who is a journalist and who isn’t.
While at first blush this might seem like a black and white issue, it’s not. There are lots of people out there writing about the stock market and Wall Street, particularly on the Internet, who I would not consider journalists.
Weiss writes, “The problem is that stock swindlers have long posed as ‘journalists,’ such as by publishing ‘stock market newsletters’ that are little more than stock-promotion vehicles. More recently, we have the anonymous crackpots of the anti-naked-shorting cult, some of whom are from the world of penny stocks and are well-acquainted with stock-scam tactics.”
Later, he points out, “Now one might think that the SEC would know the difference between a crackpot website and a genuine online journal like, say, Slate. However, judging from its recent witch hunt against journalists, I am not so sure.”
Read the rest of his comments here.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…