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DRUDGE REPORT FLASH 2007�


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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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