Rumors say the Securities and Exchange Commission might also launch an investigation

May 13, 2013 14:37 GMT  ·  By

The US Federal Reserve and the US Department of Treasury have reportedly launched an investigation to learn more about the “spying” of Bloomberg reporters on the customers of the company’s financial data terminals.

“We are looking into this situation and have been in touch with Bloomberg to learn more,” a Fed representative said, cited by The Guardian.

An unnamed source from the Treasury revealed that the department was verifying whether or not Bloomberg reporters spied on its staff.

In addition to the Fed and the Treasury, the Securities and Exchange Commission (SEC) might also probe the media organization’s practices.

In the meantime, Matthew Winkler, the editor-in-chief of Bloomberg News, admitted that some reporters were allowed to check limited client information, but downplayed the seriousness of the incident.

Bloomberg has implemented new policies, banning journalists from accessing terminal data.