SEC Investigates Jim Cramer's Website

Inquiry involves TheStreet.com's accounting
Posted Mar 18, 2010 11:08 AM CDT
SEC Investigates Jim Cramer's Website
Jim Cramer in a 2008 file photo.   (AP Photo/Mark Lennihan)

The SEC is investigating The Street.com—the website co-founded by CNBC host and Jon Stewart target Jim Cramer—over some questionable accounting regarding a former subsidiary. The agency wants to examine how the website recorded revenue for Promotions.com, a marketing company it acquired in 2007 and sold last December, reports the New York Post.
(More Jim Cramer stories.)

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