5release of data april2013 wsj
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8/12/2019 5release of Data April2013 WSJ
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MARKETS
April 10, 2013, 7:07 p.m. ET
A Probe on Data Releases Is Revived Article
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ByDEVLIN BARRETT AndBRODY MULLINS
)AS*IN+TON-e'eral la%e&f"reme&$ a/$"ri$ies ae reerse' "/rse a&'
reie' a& i&si'er$ra'i&g pr"!e i&$" "% me'ia "mpa&ies $ra&smi$ g"er&me&$ 'a$a
$" i&es$"rs, a"r'i&g $" pe"ple familiar %i$ $e ma$$er.
Te 'eisi"& ame af$er Te )all S$ree$ "/r&al i& a&/ar 'isl"se' $e pr"!e a&'
rep"r$e' $a$ $e -e'eral 4/rea/ "f I&es$iga$i"& %as pla&&i&g $" %i&' '"%& $e
i&es$iga$i"& !ea/se i$ %as ai&g $r"/!le pr"i&g %r"&g'"i&g. Te -4I, %i %as"&'/$i&g $e pr"!e %i$ $e Se/ri$ies a&' E5a&ge 6"mmissi"&, %as als"
fr/s$ra$e' $a$ a&"$er age&, $e 6"mm"'i$ -/$/res Tra'i&g 6"mmissi"&, a'&$
pr"i'e' 'a$a s"/g$ ! i&es$iga$"rs. Te 6-T6 as si&e agree' $" pr"i'e !"$
$ra'i&g 'a$a a&' a&alsis $" f/r$er $e i&es$iga$i"&, a"r'i&g $" "ffiials familiar
%i$ $e pr"!e.
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8/12/2019 5release of Data April2013 WSJ
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Ass"ia$e' 8ress
Te Treas/r 4/il'i&g, a!"e, is "&e s"/re "f se&si$ie e"&"mi 'a$a.
A$ iss/e is $e release "f se&si$ie e"&"mi 'a$a $a$ is s/pp"se' $" !e #ep$ pria$e
"r 9l"#e' /p9s" $a$ &" "&e a& $ra'e "& $e i&f"rma$i"& !ef"re i$ is p/!li.
Am"&g $e me'ia "mpa&ies /&'er sr/$i& are 4l""m!erg L8, T"ms"&Re/$ers6"rp. TRI.T 0.0; a&' $e
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'a$a is a #e par$. I& $e m"s$ ree&$ e5ample, $e -e'eral Resere T/es'a se&$
'e$ails "f $e e&$ral !as mi&/$es "&e 'a earl $" "&gressi"&al s$aff mem!ers,
$ra'e gr"/ps a&' "ffiials a$ seeral ma?"r !as. Tere %ere &" earl i&'ia$i"&s $a$
a& $ra'ers ma'e !ig !e$s !ase' "& $a$ i&f"rma$i"&, mar#e$ par$iipa&$s sai'.
-"r ears, $e -4I as "!sere' %a$ age&$s !eliee is s/spii"/s $ra'i&g a$ii$ i&
$e fra$i"&s "f se"&'s !ef"re $e g"er&me&$ releases e"&"mi 'a$a, s/ as
empl"me&$ &/m!ers a&' $ra'e fig/res. Age&$s ae !ee& e5ami&i&g %e$er &e%s
"rga&i@a$i"&s /se' $eir igspee' $ra&smissi"& ss$ems "r "$er mea&s $" gie
s"me i&es$"rs aess $" e"&"mi 'a$a slig$l !ef"re $e "ffiial release $ime,
a"r'i&g $" "ffiials familiar %i$ $e pr"!e.
I& a&/ar, -4I "ffiials !riefe' "$er g"er&me&$ age&ies "& $eir fi&'i&gs, !eliei&g
$e ase a' i$ a 'ea' e&'. Te 'eisi"& $" s/$ '"%& $e ase s$emme' i& par$fr"m s#ep$iism $a$ pr"se/$"rs "/l' pr"e $" a ?/r $a$ sliers "f a se"&' %ere
e&"/g "f a& a'a&$age $" "&'/$ pr"fi$a!le $ra'es "& "&fi'e&$ial i&f"rma$i"&, sai'
$e pe"ple l"se $" $e ma$$er.
A&"$er reas"& %as a !rea#'"%& !e$%ee& $e -4I a&' 6-T6. -4I age&$s ma'e
m/l$iple re/es$s $" $e mar#e$s reg/la$"r i& 2012 f"r 'a$a $a$ %"/l' elp $em
/&'ers$a&' %i $ra'ers %ere !ei&' $e $ra&sa$i"&s, a"r'i&g $" pe"ple familiar
%i$ $e ase. A& "ffiial l"se $" $e rimi&al pr"!e sai' $e 6-T6 'i'&$ pr"i'e $e
'a$a re/es$e'. A& "ffiial l"se $" $e reg/la$"r age& !lame' $e impasse "&
mis/&'ers$a&'i&gs a&' "&f/si"&.
Si&e $e "/r&al rep"r$e' "& $e s$alle' pr"!e i& a&/ar, fe'eral pr"se/$"rs ae
e5presse' re&e%e' i&$eres$ i& $e ase a&' /rge' age&$s $" #eep ga$eri&g
ei'e&e. Te -4I a&' 6-T6 are &"% "lla!"ra$i&g $" "lle$ a&' a&al@e $ra'i&g
'a$a i& $e ase, a"r'i&g $" "ffiials familiar %i$ $e ma$$er.
Te pr"!e as f"/se' m/ "f i$s a$$e&$i"& "& a$ii$ies a$ $e 6"mmere, La!"r,
a&' Treas/r 'epar$me&$s, sai' pe"ple familiar %i$ $e ma$$er, $"/g i$ als" m"re!r"a'l l""#e' a$ similar 'a$a releases a$ $e -e'eral Resere, a&' $e 'epar$me&$s
"f e&erg a&' agri/l$/re, $e sai'.
As par$ "f $e pr"!e, i&es$iga$"rs las$ s/mmer as#e' 4l""m!erg $" $/r& "er $"
fe'eral age&$s "&e "f i$s "mp/$ers a$ $e 6"mmere
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a&/ar sai' $e "mp/$er %as $/r&e' "er af$er $e "mpa& &"$ie' a fla% i& $e
6"mmere