By: Lauri F. Rasnick
FINRA recently announced that it fined Merrill Lynch, Pierce, Fenner & Smith (“Merrill”) one million dollars for failing to arbitrate claims with employees. See January 25, 2012 News Release. The disputes at issue arose out of promissory notes executed by Merrill employees in connection with the Bank of America Corporation (“BOA”) acquisition. After the BOA acquisition, Merrill created a program called the Advisor Transition Program (“ATP”). Pursuant to this program, Merrill was to pay particular registered representatives lump sum ...
Blog Editors
Recent Updates
- EEOC Final Rule Implementing the Pregnant Workers Fairness Act
- Podcast: Navigating Physician Non-Compete Litigation – Employment Law This Week
- Maryland Expected to Expand Pay Transparency Requirements in Fall 2024
- Video: Union Reps at OSHA Inspections, New COVID-19 Guidance, and Minimum Wage Updates - Employment Law This Week
- Fair Credit Reporting Act Preempts State Law Defamation Claim Over Background Check