JPMorgan's top Treasuries trader Rob Allen has been placed on leave amid a compliance review of his electronic messages
Allen was removed from the trading floor while the bank reviews whether he engaged in conduct that breached company policy, according to one of the people.JPMorgan has placed Rob Allen, its top US Treasuries trader, on leave pending a review of his electronic messages, according to people familiar with the matter.
His leave comes roughly four months after the bank removed a handful of interest-rates traders from the trading floor and turned off their Bloomberg terminals while it investigated their behavior.This week, the bank placed head of US Treasuries trading Rob Allen on leave, according to people familiar with the matter. Allen was removed from the trading floor while the bank reviews whether he engaged in conduct that breached company policy, according to one of the people.
He joined JPMorgan in 2009 after spending the previous eight years at Bank of America, according to industry records. He began his Wall Street career in 1999 at Lehman Brothers. Sal Pallante and Rahmaan Streater, executive directors from the US interest-rate trading desk, were among those put on leave from their trading responsibilities, people familiar with the probe said that month.
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