Thomson Reuters Halts Early Distribution Of Consumer Data

Thomson Reuters Corporation (NYSE:TRI) (TSE:TRI) will suspend the early release of the University of Michigan consumer data to select traders, as part of an agreement with New York Attorney General’s office.

The news and information company has an arrangement with the University of Michigan to allow some of its clients paying extra to receive the data two seconds before others.

New York Attorney General Eric Schneiderman is investigating whether release of Thomson Reuters / University of Michigan index of consumer sentiment to select few ahead of others violates any state securities laws.

The...