TheStreet announces SEC settlement of 2008, 2009 accounting issues TheStreet announced that it had reached a settlement with the U.S. Securities and Exchange Commission, without admitting or denying allegations of any wrongdoing, which concludes the SEC's investigation of accounting issues at TheStreet. This settlement relates to accounting matters in 2008 and 2009. TheStreet has previously corrected for the effects of these matters in financial statements filed with the SEC in February 2010. No further corrections are required. Under the terms of the settlement, TheStreet is not required to pay any monetary penalty and agrees to comply with the federal securities laws.
TheStreet valuation attractive, says B. Riley B. Riley views TheStreet's current price as an excellent entry point. The analyst believes management can leverage the sales channels to grow both The Deal and BoardEx and reiterates its Buy rating ahead of Wednesday's Q4 report.