WKYT | Lexington, Kentucky | News

Bloomberg puts in place new trader info safeguards

MGN Online

MGN Online

Financial data and news company Bloomberg LP says it is putting in place new policies and procedures designed to keep its journalists from accessing the private information of its Wall Street clients.

The moves stem from an outside review that followed complaints from Goldman Sachs that Bloomberg journalists were accessing client log-in activity on the company's trading information terminals.

In response, Bloomberg turned off its journalists' special access, limiting it to what clients can see themselves. It called the previous access a mistake.

Bloomberg said Wednesday that it will continue to restrict journalist access to client data.

It's also boosting its data security and corporate compliance controls, giving more oversight responsibilities to its audit committee and creating a centralized team that will oversee the granting of access to restricted data.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 220517211