+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

REUTERS EMPLOYEE: I Was Fired For Tipping The Feds Off About Our Early Releases

Apr 5, 2013, 03:25 IST

Getty Images/Spencer PlattA former Thomson Reuters employee says he was fired after he warned federal authorities his company was tipping market reports, Bloomberg's David Glovin reports.

Advertisement

Mark Rosenblum said in a complaint filed Thursday in Manhattan federal court that he was fired after he warned the FBI that colleagues "gave some customers an advantage by releasing the Thomson Reuters/University of Michigan Surveys of Consumers to them first."

Glovin says Rosenblum claims Reuters releases the survey in three tiers:

At two seconds before 9:55 a.m., it goes to “ultra low- latency subscribers”; “desktop” subscribers get it at 9:55 a.m.; and at 10 a.m. it goes out to the general public, he said.

Rosenblum later told company executives about his complaint to the federal agents, Glovin says. He now seeks damages under U.S. whistleblower laws.

Advertisement

Reuters is denying the accusations.

Next Article