Thomson Financial has received a subpoena from the Securities and Exchange Commission for certain documents related to its Capital Markets Intelligence business.
In a news release, Thomson Financial said it's cooperating fully with the SEC and has been informed that the inquiry "should not be construed as an indication by the Commission or its staff that any violation of law has occurred."
Thomson Financial, a unit of Thomson Corp. (TOC), provides market intelligence services. It said its capital markets intelligence business collects stock ownership data solely as an appointed agent of its public company clients seeking a better understanding of their institutional shareholder base.
The company said that, in 2003, about $33 million of Thomson Financial's capital markets intelligence revenues were related to the identification of institutional investors for its clients.
Thomson Corp., Toronto, provides information, software tools and applications.
In a news release, Thomson Financial said it's cooperating fully with the SEC and has been informed that the inquiry "should not be construed as an indication by the Commission or its staff that any violation of law has occurred."
Thomson Financial, a unit of Thomson Corp. (TOC), provides market intelligence services. It said its capital markets intelligence business collects stock ownership data solely as an appointed agent of its public company clients seeking a better understanding of their institutional shareholder base.
The company said that, in 2003, about $33 million of Thomson Financial's capital markets intelligence revenues were related to the identification of institutional investors for its clients.
Thomson Corp., Toronto, provides information, software tools and applications.
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