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Monday, February 21, 2005

Chaunce Subpoenaed in SEC Probe Of Sirius Radio Insider Trading

Looks like Chaunce got some 'splaining to do about potential insider trading regarding the Howard Stern and Sirius Radio deal. Even though no impropriety has been alleged officially, the SEC wants to know just what the hell Chaunce, a self-proclaimed "celebrity journalist", was doing making predictions regarding Stern's move from terrestrial radio to satellite radio.

The insider trader troubles at Sirius aren't related to Stern 100%, and there is no definition as to what the SEC is interested in at this time in regards to the matter. However, I can predict that this morning, someone is getting an earful about this matter -- listeners to The Howard Stern Show.

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