, Former Execs Agree To End SEC Fraud Claims

Law360, New York (December 18, 2012, 8:43 PM EST) -- Financial media company The Street Inc. on Tuesday settled allegations by federal regulators over allegedly false financial reports the company filed in 2008, while three of its former executives agreed to pay a total of $375,000 in penalties over their alleged roles in the statements

TheStreet’s former Chief Financial Officer Eric Ashman allegedly made the firm report revenue that had not yet been earned, while Gregg Alwine and David Barnett, former co-presidents of a former subsidiary of TheStreet, were allegedly involved in bogus transactions and fraudulent...
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