Bloomberg Puts An End to ‘Inexcusable’ Journalistic Practice

by Nate Wooley | May 13, 2013 9:26 am

computer_tower_keyboard_630_flickr[1]The Editor-in-Chief of Bloomberg News is apologizing for his reporters having access to restricted information.

Matthew Winkler — via an opinion piece[2] — expressed his regret for Bloomberg’s reporters accessing the firm’s client’s confidential financial information, CNN reports[3].

In addition to providing news and information, Bloomberg also provides terminals to brokerages and others in the financial industry. These terminals — which rent for as much as $20,000 per year — provide real-time market information as well as messaging systems and other information.

In his apology, Winkler revealed that Bloomberg’s reporters could track user’s actions while they used their rented terminals. Information such as login times, programs accessed and potentially other information were available to those inside Bloomberg. However, Winkler stressed that reporters did not have access to client trade information nor were they able to read client messages.

“Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable,” Winkler wrote.

More stories about scandals:

  1. [Image]:
  2. an opinion piece:
  3. CNN reports:
  4. News Corp. Reaches $139M Settlement Over Phone Hacking:
  5. Better Business Bureau Embroiled in Pay-to-Play Scandal:
  6. Former UBS Trader Sentenced to 7 Years for Fraud:

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