The SEC charged that Edwin Fishbaine, the...

The SEC charged that Edwin Fishbaine, the publisher of an investment newsletter, took stocks and stock options from at least 10 companies to tout their securities. The SEC said it has begun administrative proceedings against Fishbaine, publisher of Terex Report, a Queens, N.Y., newsletter specializing in mining and exploration companies listed on Canadian exchanges. The Securities and Exchange Commission alleged that Fishbaine received a total of $85,000 in cash from the companies from June, 1982, to March, 1987, plus stock and options of undisclosed value.