Canada’s TMX Group says it’s wanting into previous conduct of CEO

CEO of TMX Group Lou Eccleston speaks on the Sandler O’Neill World Trade and Brokerage Convention within the Manhattan borough of New York, New York, U.S., June 5, 2019. REUTERS/Carlo Allegri

TORONTO (Reuters) – TMX Group (X.TO) is wanting into allegations concerning the previous conduct of its chief government officer, Lou Eccleston, the operator of the Toronto Inventory Trade stated in a press release.

Eccleston had knowledgeable TMX’s board that “he helps this plan of action”, the assertion stated. A TMX spokesman responded to emails despatched to Eccleston, saying the corporate had no remark past its assertion.

“TMX Group has just lately change into conscious of allegations made relating to the previous conduct of TMX Group chief government officer Lou Eccleston,” TMX stated within the assertion late on Tuesday.

A report within the Enterprise Insider outlined accusations of inappropriate sexual conduct by Eccleston, which Reuters was unable to independently verify, throughout his tenure at Bloomberg.

Bloomberg couldn’t instantly be reached for remark.

“Whereas TMX Group has no touch upon these particular allegations right now, it takes allegations of this nature critically, and the TMX Group board is wanting into this matter.”

TMX shares closed down 4.7% in Toronto on Wednesday.

Reporting By Nichola Saminather; Modifying by Rosalba O’Brien and Neil Fullick

Our Requirements:The Thomson Reuters Belief Ideas.

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