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also considered controlling volatility caused by
Dorfman's on-air picks. The NASDAQ proposed to sometimes suspend trading in any stock mentioned by "a well known, recognized, and influential stock analyst or commentator", and confirmed they were talking about Dorfman. Dorfman supported the "Dorfman
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and the
Justice Department never confirmed or denied the report, and Dorfman denied any wrongdoing: "I want to make it clear that I have never asked for or received payments for any stories. I have not bought or sold a stock in five years and I have not violated any laws." As a result of the
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magazine in 1995 for refusing to disclose his sources to his editor. He was suspended from the magazine earlier that year after it was reported in the press that he was the target of a federal probe for having a business relationship with a "stock promoter", and for possible
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investigation that reportedly included
Dorfman, a former lawyer for Securities and Exchange Commission and five others were indicted on charges of securities fraud involving two Nasdaq companies. Dorfman was not cited in the indictment.
64:, graduating in 1949. Dorfman was divorced in 1986 from his wife Iris, and had one daughter, Leah Dorfman Kelly. His daughter died on November 30, 2008. He remarried, Harriet Kasenetz Dorfman, and until his death resided in
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Rule": "I'm not looking to cause volatility in stocks. I'm not looking to cause them to go up or down. If there's a way to prevent people from, you know, losing money on a fast train basis, I think it's a good idea."
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As a CNBC "stock picker" in the mid-1990s, Dorfman's commentaries were closely followed by stock market traders. Stocks would move sharply as soon as a stock pick by
Dorfman would be announced on CNBC. The
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went as far as to instituting a "Dorfman Rule", where exchange authorities could halt trading in a stock that
Dorfman referred to on television. The
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22:(October 24, 1931 – June 16, 2012) was an American financial journalist, at one time a columnist for the
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In 1996, Dorfman suffered a mild stroke, but recovered fully.
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financial news commentator in the 1980s, and a columnist for
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406:"Rescue Plans May Not Rescue Wall Street, Dan Dorfman,
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Dorfman was dismissed from a job writing a column at
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422:"Financial journalist Dan Dorfman dies at 82"
32:commentator in the 1990s and a columnist for
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263:"Business News Luminaries: Dan Dorfman"
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370:"Six Charged with Fraud in 2 Stocks"
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48:early in his career.
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386:"Why I Do What I Do"
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269:. 2006
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