Michael Bloomberg was affiliated with Salomon Brothers before launching his own firm Bloomberg News and later becoming mayor. (Photo credit: Wikipedia)

Bloomberg LP Reporting Practices Revealed

Questions and concerns about data privacy may be higher than ever in light of the admissions by Bloomberg LP company representatives, and many Wall Street financial institutions may be have been affected by years of Bloomberg LP database monitoring. The reporting procedures that have come under fire have been part of Bloomberg LP information gathering activities since the 1990s, and the use of typical terminal history is at the center of the controversy. Multiple database development may be an established part of current society, but use of this type of information may trouble individual subscribers and Wall Street as a whole.