JPMorgan, Morgan Stanley, RBS said place traders on leave

RBS building

Mortgage-bond traders at JPMorgan, Morgan Stanley and Royal Bank of Scotland were placed on leave in recent weeks or months, according to people familiar with the matter.

Bloomberg reports that it’s unclear why or if the actions are connected, the people said.

Former Jefferies Group bond trader Jesse Litvak, 39, was convicted last month of securities fraud for lying to clients about what he charged them to trade mortgage bonds. Other banks including JPMorgan received requests for information from U.S. officials about mortgage-bond trading after Litvak’s arrest, people briefed on the matter said in January.

To access the complete Bloomberg article hit the link below:

Bond Traders From JPMorgan to RBS Said Placed on Leave

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