Categories: OLD Media Moves

SEC subpoenas phone records, e-mails of biz reporter

Herb Greenberg, the well-known columnist for Marketwatch.com, reports that the Securities and Exchange Commission has subpoenaed his phone records and e-mails in relation to its investigation into Gradient Analytics.

“It would be one thing if I were trading stocks or options (I don’t own any or short any — never have since I started writing this column for the San Francisco Chronicle in 1988); or if I was getting paid by someone involved in these stocks (I’m not); or if I was coordinating the publication of my stories with sources (not doing that either).”

Greenberg and Marketwatch’s parent, Dow Jones, have objected to the subpoeanas. He later writes, “If my unpublished communications aren’t safe from government eyes, then the tools of every business reporter in this country become fair game for any company that doesn’t like scrutiny and chooses to play the ‘conspiracy’ card. If that happens, sorry to say — dear readers — you will be on your own when it comes to policing public companies.”

Former BusinessWeek reporter Gary Weiss calls the whole naked short selling issue — and Greenberg’s subpoena — pure “hysteria� on his blog. Weiss writes: “An innocent guy who used to be a paper-pusher on Wall Street gets grilled over a non-scandal, and a tough reporter who is the bane of cruddy companies gets an SEC subpoena. If that isn’t hysteria, I don’t know what is.�

Read Greenberg’s column here.

View Comments

    Recent Posts

    Dynamo hires former Business Insider executive editor Harrington

    Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

    1 day ago

    Bloomberg TV hires Kerubo as desk producer

    Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

    1 day ago

    Jittery CNBC staff reassured by new boss

    In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

    1 day ago

    Making business news accessible to a wider audience

    Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

    1 day ago

    Rest of World hires Lo as China reporter

    Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

    1 day ago

    Bloomberg rises to No. 7 biz news website

    Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

    1 day ago