News outlets rapped over Fed taper data release

The Federal Reserve is talking to news outlets because it seems some are releasing embargoed information early, CNBC reports.

Read: More financial news doesn’t mean more trading

CNBC spoke to Eric Hunsader, who founded market analysis firm Nanex.

Hunsader says he saw reaction to last week’s taper announcement simultaneously in New York and Chicago. That would be impossible unless the information was sent to a server near Chicago before the information was released, explains CNBC.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.