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Wednesday, January 12, 2005

CBS Marketwatch Reporter Settles with SEC

A CBS Marketwach reporter settled with the SEC over charges that he promoted stocks in his column then sold those particular stocks at profit. He also did not disclose payments he got from several companies to promote a stock.

While this is a good thing it is a bit scary what one is allowed to say in regards to stocks without getting in trouble. I don't promote individual stocks and more people buying into a mutual fund does not cause the "value" of the mutual fund itself to go up, just the underlying company of which I do not own. Beyond that I haven't ever promoted a mutual fund that I own.

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