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  • Drudge Flash: DAILY KOS CO-AUTHOR FINED $30K FOR UNETHICAL STOCK TOUT

    08/08/2007 4:46:59 PM PDT · by RDTF · 20 replies · 1,099+ views
    Drudge Report ^ | August 8, 2007
    DAILY KOS CO-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. Under the agreement, Armstrong neither...