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Thom Calandra (born June 8, 1956, in Brooklyn, New York) is an American journalist, stock investor, and the former editor-in-chief and chief commentator for CBS MarketWatch from 1996 to January 2004, until his investigation by the U.S. Securities and Exchange Commission. Calandra writes for a number of other publications including the revived The Calandra Report.
Thom Calandra | |
|---|---|
| Born | June 8, 1956 |
| Education | University of Arizona, City University of New York at Brooklyn College |
| Occupation(s) | Financial journalist, stock investor |
| Spouse | Maura Thurman[1][2] |
| Children | 2[1] |
Calandra studied English and journalism at the University of Arizona and English literature from City University of New York at Brooklyn College.[3]
Calandra was a financial columnist for The San Francisco Examiner and a London-based editor and columnist for Bloomberg News in Europe.[4][5] He was also the online financial editor of USAToday.com,[5] and has contributed to a number of other publications.
In 1996, he co-founded MarketWatch, formerly known as DBC News, and served as the founding editor-in-chief.[4][6] He moved to London in April 2000 and began a joint venture with the Financial Times called FTMarketWatch.[4] In 2001 the venture folded into the Financial Times and he returned to San Francisco to serve as the chief commentator for CBS MarketWatch.[4] In March 2003 he started the newsletter 'The Calandra Report' that would focus mostly on his own stock recommendations.[4]
In January 2004, Calandra resigned from MarketWatch and was subject to an informal regulatory inquiry.[5] On January 10, 2005, the U.S. Securities and Exchange Commission filed a case against him in the United States District Court for the Northern District of California.[7] 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.[8] Calandra paid US$416,109.58 in disgorgement of illegal trading profits and a civil penalty of US$125,000.[8][9] 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".[8] 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".[10]
In 2008, Stockhouse announced the launch of 'Ticker Trax By Thom Calandra' in a press release.[11] Calandra stated he writes for BabyBulls.com and Beforeitsnews.com as well as a principal at Torrey Hills Capital.[10] On August 11, 2012, Calandra announced the resumption of The Calandra Report via Twitter.[12]
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