The financial industry is bracing for new scrutiny of services that give trading firms an advance look at market-moving data and news, the New York Times DealBook blog reported yesterday. The New York attorney general’s office has been taking a broad look at the common practice. Thomson Reuters, under pressure from the attorney general, announced yesterday that it was suspending an early release of a consumer confidence survey to clients who paid extra. For the most part, federal securities regulators have been comfortable with these arrangements. But the New York attorney general, Eric T. Schneiderman, is potentially in a position to throw them into question.
