Washington, Aug 22: US and Canadian authorities are investigating Merrill Lynch's former head of energy trading, Daniel Gordon, in the hunt for 43 million dollars that is unaccounted for during his time on Wall Street, officials said. Gordon was Merrill's chief energy trader in New York until the bank sold its energy business to Allegheny Energy Inc. in 2001.
The 27-year-old high-flier was dismissed by Allegheny as its head energy trader in September of last year.
Allegheny said at the time it sacked Gordon due to "a small number of business transactions initiated by Mr Gordon that violated internal corporate policies regarding conflicts of interest".
The Manhattan attorney's office yesterday declined to comment on the hunt for Merrill's missing cash, but Canadian officials confirmed the investigation is hotting-up on their side of the border.
Gordon has not been charged by the authorities and his New York lawyer, Alan Levine, declined to comment on the case.
Bureau Report