JPMorgan Chase is investigating whether a group of traders on its interest rates desk broke company policy, and they've pulled them from the trading floor.
The bank in recent weeks removed the employees, including two executive directors in the US and one in London, from their trading duties and shut off their Bloomberg terminals while it reviewed their behavior for compliance breaches. The employees could resume their roles at the bank without further action, depending on the outcome of the investigation. Industry sources, including people who have spoken to the traders, said the conduct in question took place on the Bloomberg terminal chat platform. In a separate case, the bank in January placed senior fixed-income trader Edward Koo on leave while investigating whether his use of WhatsApp violated company policy.
