Thursday, March 18, 2010

SEC probes TheStreet.com's finances

The New York Post reports:
TheStreet.com, the financial Web site founded by loudmouth stock picker and TV personality Jim Cramer, is being investigated by the Securities and Exchange Commission.

The publicly traded company attracted the attention of regulators because of accounting woes at a former subsidiary called Promotions.com, TheStreet.com said yesterday.

TheStreet.com revealed the news in an SEC filing explaining why it will be late reporting its annual financial results.