Thom Calandra
{{About|The American journalist|the musician|Tommy Calandra}}
{{Infobox person
| name = Thom Calandra
| image =
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| birth_name =
| birth_date = {{birth date and age|mf=yes|1956|6|8}}
| birth_place = Brooklyn, New York, United States
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| occupation = Financial journalist, stock investor
| spouse = Maura Thurman{{cite web|url=http://www.silverbearcafe.com/private/calandra.html|title=Thom Calandra|website=silverbearcafe.com|accessdate=2015-07-05}}{{cite web|url=http://www.stockhouse.com/opinion/independent-reports/2014/03/07/the-calandra-report-everything-s-coming-up-stellar|title=The Calandra Report: Everything's coming up Stellar|date=March 7, 2014|author=Thom Calandra|website=stockhouse.com|accessdate=2015-07-05}}
| education = University of Arizona, City University of New York at Brooklyn College
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}}
Thom Calandra (born June 8, 1956, in Brooklyn, New York) is an American journalist, stock investor, and the former editor-in-chief and chief commentator for CBS MarketWatch from 1996 to January 2004, until his investigation by the U.S. Securities and Exchange Commission. Calandra writes for a number of other publications including the revived The Calandra Report.
Early life and career
Calandra studied English and journalism at the University of Arizona and English literature from City University of New York at Brooklyn College.{{cite web|url=http://thomcalandra.com/about-thom-calandra/|title=Who The H Is Thom? [& Where?]|website=thomcalandra.com|accessdate=2015-07-05}}
Calandra was a financial columnist for The San Francisco Examiner and a London-based editor and columnist for Bloomberg News in Europe.{{cite web|url=http://www.marketwatch.com/story/marketwatch-commentator-calandra-resigns|title=MarketWatch.com commentator Calandra resigns|website=MarketWatch|date=January 22, 2004|accessdate=2015-07-05}}{{cite news|url=https://www.usatoday.com/tech/techinvestor/2004-01-22-commentator-quits_x.htm|title=MarketWatch.com's chief commentator quits|author=Michael Liedtke|newspaper=USA Today|date=January 22, 2004|accessdate=2015-07-05}} He was also the online financial editor of USAToday.com, and has contributed to a number of other publications.
In 1996, he co-founded MarketWatch, formerly known as DBC News, and served as the founding editor-in-chief.{{cite news|url=http://talkingbiznews.com/1/thom-calandra-has-seen-the-light/|title=Thom Calandra has seen the light|author=Chris Roush|date=October 12, 2007|publisher=Talking Biz News|accessdate=2015-07-05}} He moved to London in April 2000 and began a joint venture with the Financial Times called FTMarketWatch. In 2001 the venture folded into the Financial Times and he returned to San Francisco to serve as the chief commentator for CBS MarketWatch. In March 2003 he started the newsletter 'The Calandra Report' that would focus mostly on his own stock recommendations.
MarketWatch resignation and SEC investigation
In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry. On January 10, 2005, the U.S. Securities and Exchange Commission filed a case against him in the United States District Court for the Northern District of California.{{cite web|url=https://www.sec.gov/litigation/complaints/comp19028.pdf|title=Securities and Exchange Commission v. Thom Calandra|date=January 10, 2005|publisher=U.S. Securities and Exchange Commission|accessdate=2015-07-05}} The case involved civil fraud charges citing an illegal trading scheme, a "buy-write-sell" pattern involving 23 different stocks, and was also settled at the time of filing.{{cite web|url=https://www.sec.gov/news/press/2005-3.htm|title=SEC BRINGS FRAUD CHARGES AGAINST FORMER CBS MARKETWATCH COLUMNIST THOM CALANDRA FOR ILLEGAL TRADING SCHEME|publisher=U.S. Securities and Exchange Commission|date=January 10, 2005|accessdate=2015-07-04}} Calandra paid US$416,109.58 in disgorgement of illegal trading profits and a civil penalty of US$125,000.{{cite book|url=https://books.google.com/books?id=zWKY8wkjKY8C&q=%22Thom+Calandra%22+journalist&pg=PT199|title=Regulating Competition in Stock Markets|author1=Lawrence Klein |author2=Viktoria Dalko |author3=Michael Wang |publisher=John Wiley & Sons|date=2012|isbn = 978-1118236864|accessdate=2015-07-05}} Calandra's settlement with the SEC did not include an admission or denial of the allegations and agreed to a "permanent injunction from further violations of the antifraud provisions of the federal securities laws". In a 2011 interview with Karen Roche of The Gold Report, Calandra apologized for his actions stating it was "no excuse for a trained journalist" and " I acknowledge my errors from back then".{{cite web|url=http://www.mining.com/thom-calandra-taking-calculated-yet-extreme-risks-in-mining/|title=Thom Calandra: taking calculated yet extreme risks in mining|date=November 17, 2011|author=Karen Roche|publisher=The Gold Report|accessdate=2015-07-05}}
Post MarketWatch career
In 2008, Stockhouse announced the launch of 'Ticker Trax By Thom Calandra' in a press release.{{cite news|url=http://www.bloomberg.co.jp/article/2008-12-03/aN6oSBu6W39o.html|title=Stockhouse Launches Ticker Trax by Thom Calandra Service|date=December 2008|accessdate=2015-07-05}} Calandra stated he writes for BabyBulls.com and Beforeitsnews.com as well as a principal at Torrey Hills Capital. On August 11, 2012, Calandra announced the resumption of The Calandra Report via Twitter.{{cite web|url=https://twitter.com/thomcalandra|title=TCR returns|author=Thom Calandra|date=August 11, 2012}}
References
{{Reflist|2}}
External links
- [http://www.thomcalandra.com thomcalandra.com]
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Category:American economics writers
Category:American finance and investment writers
Category:American business and financial journalists
Category:American male journalists