The Loop

His share of the spotlight
His photo ran in Sunday’s New York Times, but this time Charles LaLoggia might have wished for a lower profile.
The local investment advisor shared the hot seat in an article called “Compromising Positions? Investment Newsletters’ Advice Isn’t Always What It Seems to Be.” It seems LaLoggia–who publishes the newsletter Special Situation Report and Stock Market Forecast–recommended the stock of Warehouse Auto Centers a month after signing on as a consultant for the firm. For his services, LaLoggia pocketed 10,000 shares plus an option to buy another 10,000.
In the article, LaLoggia declined to say whether he had sold any of the stock or exercised any options. If not, he’d better act soon: Last month, Warehouse Auto declared Chapter 11.

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