A second financial news organization was subpoenaed for records in an investigation by the Securities and Exchange Commission, whose chairman has now put the subpoenas on hold amid controversy.
Financial news Web site TheStreet.com and its co-founder and major shareholder, James Cramer, were served subpoenas by the SEC about two weeks ago in connection with an inquiry into allegations of stock manipulation. Two columnists for Dow Jones online publications, Herb Greenberg of MarketWatch and Carol Remond of Dow Jones Newswires, also received subpoenas in the SEC investigation related to online retailer Overstock.com.
