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 Support The DrudgeReport; Visit Our Advertisers  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 denies nor admits to the allegations. "It's good to see the matter finally end," Armstrong said in an e-mail message to the TIMES. Developing... |
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