Bloomberg employees step down following probe into data-handling

Three senior staff members at Bloomberg have left following an internal probe regarding their handling of third-party data brought to attention by a whistle-blower.

According to Financial News London, a person familiar with the situation revealed that the trio, who all worked within Bloomberg’s electronic trading business, came into possession of third-party information said to be handed over by a client.

Whilst the investigation found the employees did not misuse any information, they should have informed the HR or legal department.

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The matter was raised by a whistle-blower, who no longer works at the financial data provider. The whistle-blower raised concerns that the employees did not handle such material in line with Bloomberg’s policies.