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FINRA Arbitrators Hold That Discharged Employee Of Brokerage Firm Need Not Pay The Firm $75,000 Due Under Promissory Note

In Wells Fargo Investments v. Shaffer , FINRA Arbitration No. 10-00773 (Jan. 18, 2011) , claimant/counter-respondent Wells Fargo Investments, LLC ("Wells Fargo," the "brokerage firm," or the "firm") had made to respondent/counter-claimant Kenneth C. Shaffer ("Mr...

FINRA Arbitration Panel In New York Awards $493,000 Unpaid Bonus To Former Citigroup Trader

In June 2011, an arbitration panel of the Financial Industry Regulatory Authority, Inc. ("FINRA") in New York awarded compensatory damages of $493,906, plus costs, to a high yield trader formerly employed by respondent Citigroup Global Markets, Inc. ("Citigroup Global Markets"...

Employee Rights in Disciplinary Actions

Lots of employees refuse to sign disciplinary notices. Whether it's a counseling, warning, written reprimand, or suspension, anything before you're terminated is something you should sign. Why? Because refusing an order to sign it just might be considered insubordination. It also makes you look...