SEC concern over data gathering by stockwatchers

Another scandal is hitting the world of stock surveillance and reinforcing the need for all market participants to take a long-term view of shareholder value. At the heart of this latest debacle is some companies’ desire for up-to-the-minute information on their beneficial holders, and a willingness on the part of third parties to fulfill their insatiable appetite for news on institutional holdings. Apparently this has led to data leaks in the carefully constructed chain of trade settling,