Reuters accused of favoring clients

A former Thomson Reuters employee has claimed he was wrongfully dismissed after telling a US federal agent that the financial news and data provider had given certain clients sensitive information ahead of its wider release.

Mark Rosenblum said in a complaint filed in a New York federal court that he was sacked weeks after he alerted the FBI that certain customers received a two-second advantage over others in the bimonthly release of the Thomson Reuters/University of Michigan Surveys of Consumers. The survey can influence bond and equity markets on release.