Mad Money host Jim Cramer disclosed Monday night that he received a subpoena from the SEC in relation to its investigation into a hedge fund. Online financial news site TheStreet.com, which Cramer helped found in the 1990s, also received a subpoena, according to an article on the Web site.
The article noted: “Cramer, meanwhile, disclosed the subpoena on his “Mad Money” television show on CNBC Monday night. Through its general counsel, Jordan Goldstein, TheStreet.com disclosed that it, too, received an SEC subpoena. A spokesman for CNBC said the network did not receive a subpoena.
“Goldstein said TheStreet.com won’t comply with parts of the subpoena that demand communications between journalists and sources.”
Dow Jones, whose two journalists received a reply last week, has already said that it would not comply with the subpoenas. The SEC is also backing down from the subpoenas.
