Thom Calandra (born June 8, 1956, in

Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

) is an

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journalist,

stock investor A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an invest ...

, and the former editor-in-chief and chief commentator for ''

CBS CBS Broadcasting Inc., commonly shortened to CBS, the abbreviation of its former legal name Columbia Broadcasting System, is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainm ...

MarketWatch MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. Histor ...

'' from 1996 to January 2004, until his investigation by the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

. 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 The University of Arizona (Arizona, U of A, UArizona, or UA) is a public land-grant research university in Tucson, Arizona. Founded in 1885 by the 13th Arizona Territorial Legislature, it was the first university in the Arizona Territory. T ...

and English literature from

City University of New York The City University of New York ( CUNY; , ) is the Public university, public university system of Education in New York City, New York City. It is the largest urban university system in the United States, comprising 25 campuses: eleven Upper divis ...

Brooklyn College Brooklyn College is a public university in Brooklyn, Brooklyn, New York. It is part of the City University of New York system and enrolls about 15,000 undergraduate and 2,800 graduate students on a 35-acre campus. Being New York City's first publ ...

. Calandra was a financial columnist for ''

The San Francisco Examiner The ''San Francisco Examiner'' is a newspaper distributed in and around San Francisco, California, and published since 1863. Once self-dubbed the "Monarch of the Dailies" by then-owner William Randolph Hearst, and flagship of the Hearst Corporat ...

'' and a

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

-based editor and columnist for ''

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'' in

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. He was also the online financial editor of '' USAToday.com'', and has contributed to a number of other publications. In 1996, he co-founded

, formerly known as DBC News, and served as the founding editor-in-chief. He moved to London in April 2000 and began a

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with the ''

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'' called FTMarketWatch. In 2001 the venture folded into the Financial Times and he returned to

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

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

filed a case against him in the

United States District Court for the Northern District of California The United States District Court for the Northern District of California (in case citations, N.D. Cal.) is the federal United States district court whose jurisdiction comprises the following counties of California: Alameda, Contra Costa, Del ...

. 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. Calandra paid

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416,109.58 in

disgorgement Disgorgement is defined by ''Black's Law Dictionary'' as "the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion." Overview Disgorgement is a remedy or penalty used in US securities law. For exampl ...

of illegal trading profits and a civil penalty of

125,000. 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".

Post MarketWatch career

In 2008, ''Stockhouse'' announced the launch of 'Ticker Trax By Thom Calandra' in a press release. 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 Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...

References

External links

thomcalandra.com
{{DEFAULTSORT:Calandra, Thom Living people American columnists American economics writers American finance and investment writers American business and financial journalists American male journalists 1956 births People from Tiburon, California Brooklyn College alumni