Friday, 19 December 2014
Last updated 15 hours ago
Dec 10 2007 | 8:07am ET
A federal investigation into the sensational sex scandal that rocked SAC Capital is drawing to a close, and people with knowledge of the probe say it could go either way.
CNBC’s Charles Gasparino reports that the Equal Employment Opportunity Commission’s two-month-long investigation should be completed within two or three weeks. The EEOC is looking into former SAC trader Andrew Tong’s explosive allegations against his old boss, top SAC manager Ping Jiang. Tong alleges that he was sexually assaulted at work, and that Jiang ordered him to take estrogen pills and wear women’s clothing in an effort to curb his aggressive trading habits.
Tong, who is married, also alleges that he and Jiang had a sexual relationship.
Sources tell CNBC that the EEOC is undecided as to whether there is “reasonable cause” to believe Tong, and whether it will join his lawsuit against SAC.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.