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
- Cal/OSHA Releases Model Workplace Violence Prevention Plan
- Video: How Can Employers Prepare for the Future of Pay Equity? - Employment Law This Week
- Court Clarifies Employers’ Rights Under Connecticut’s Palliative Use of Marijuana Act, Guidance on Drug Testing
- Podcast: Bracket-Busting Trade Secret and Non-Compete Disputes in Sports – Employment Law This Week
- Eleventh Circuit Ruling on Causation Standard a Win for Employers