Jefferies Snared In Yet Another Sex Scandal

HFA Padded
Mark Melin
Published on
Updated on

Jefferies Group is once again in the news for sexual misconduct related activities, this time the organization finding itself as the target of a $5.4 million lawsuit alleging the investment bank treated female employees like “sex objects,” encouraging a “culture of discrimination” leading one female to resign from the firm. Jefferies client meetings allegedly featured women hired to suggestively entertain clients The discrimination lawsuit could have been a chapter in the book “Straight To Hell,” a first person account detailing alleged debauchery and misogyny in the banking culture. The former employee bringing the suit against Jefferies, Alaoui Belghiti, detailed acts of a sexual misconduct…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.