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  • Official Statement of Thomson Reuters, July 8, 2013

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    Roger Parloff
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    Thomson Reuters statement concerning its agreement with the NYS Attorney General's office to discontinue, pending further inquiry, its practice of giving premium customers access to market-moving information, the University of Michigan consumer sentiment survey, two seconds earlier than ordinary subscribers gain access to it. Thomson says the practice was fully disclosed. Though the practice does not violate federal insider trading laws, Schneiderman is investigating to see if it violates the state Martin Act.

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    Thomson Reuters statement concerning its agreement with the NYS Attorney General's office to discontinue, pending further inquiry, its practice of giving premium customers access to market-moving information, the University of Michigan consumer sentiment survey, two seconds earlier than ordinary subscribers gain access to it. Thomson says the practice was fully disclosed. Though the practice does not violate federal insider trading laws, Schneiderman is investigating to see if it violates the state Martin Act.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    36 views1 page

    Official Statement of Thomson Reuters, July 8, 2013

    Uploaded by

    Roger Parloff
    Thomson Reuters statement concerning its agreement with the NYS Attorney General's office to discontinue, pending further inquiry, its practice of giving premium customers access to market-moving information, the University of Michigan consumer sentiment survey, two seconds earlier than ordinary subscribers gain access to it. Thomson says the practice was fully disclosed. Though the practice does not violate federal insider trading laws, Schneiderman is investigating to see if it violates the state Martin Act.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    OFFICIAL STATEMENT OF THOMSON REUTERS Effective July 12, Thomson Reuters will simultaneously distribute the Thomson Reuters/University

    of Michigan Surveys of Consumers headline data at 9:55 AM ET to its clients while the New York Attorney General conducts a review of this matter. Dissemination of the final data beyond Thomson Reuters clients will continue to take place at approximately 10.00 AM ET by press release. Thomson Reuters is fully cooperating with the NY Attorney Generals review and made this change voluntarily at the request of the Attorney General. Thomson Reuters strongly believes that news and information companies can legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers. It is widely understood that news and information companies compete for exclusive news and differentiated content to help their customers make better informed trading and investment decisions. Thomson Reuters remains committed to being open and transparent about how it releases proprietary data. [Issued July 8, 2013]

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