DAILY KOS AUTHOR FINED $30K FOR UNETHICAL STOCK TOUT
Wed Aug 08 2007 19:12:23 ET
Prominent liberal blogger Jerome Armstrong has agreed to pay nearly $30,000 in fines in a settlement with the Securities and Exchange Commission over allegations that Armstrong touted the stock of a software company, without disclosing that he was being paid to do so, the NY TIMES reports.
Armstrong is the co-author of Crashing the Gate: Netroots, Grassroots, and the Rise of People-Powered Politics, with Markos Moulitsas of Daily Kos. He is also the founder of the Democratic activist site MyDD.com.
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BREAKING:
Matt Drudge is reported to still be cruising Florida gay bars in between sending traffic to his personal friend Breitbart's startup "news wire" in exchange for kickbacks and running goofy pictures of Hillary Clinton...
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