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Resource ID: #18818
Subject: Stocks And Bonds
Source: Dow Jones Newswires (Jersey City, NJ)
Affiliation: 
Date: Nov. 2, 5, 6, 9, Dec. 4

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Description

A Dow Jones investigation reveals that a private consultant has attended supposedly press-only briefings at the Treasury Department and, during the news embargo time set by the Treasury, has told clients that the government is about to cancel bond auctions. The stories report on how the inside and possibly illegal knowledge has "wildly" affected the price of a key government bond well ahead of the news release. The series resulted in tightening up of the Treasury Department's news disseminating policy. The SEC opened an investigation.

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