Employment Disputes in the Securities Industry
- What Kind of Employment Disputes Can Arise in the Securities Industry?
- Who Is Involved in an Employment Dispute in the Securities Industry?
- How Are Employment Disputes in the Securities Industry Resolved?
- What Should I Do if I Feel Like I Am Being Set up at Brokerage or Advisory Firm?
Just like any other workplace or industry, numerous different employment disputes arise in the securities industry. Disputes can bubble up involving promissory notes or compensation owed to an employee by an employer. Disputes can also arise when an employee is wrongfully terminated or when an employer includes misleading or untruthful information on an employee’s Form U-5.
Considering the arm-length nature of most employment contracts in the securities industry, nearly anyone employed by a brokerage or advisory firm can be pulled into a dispute with their employing firm. Brokers or advisors often have disputes over transitions from one firm to another, but any employees of securities firms, like traders, analysts, executives, quants, and partners, have disputes over compensation, rules, and Forms U-5.
The primary avenue for resolving employment disputes in the securities industry is FINRA arbitration. Less commonly, if the conduct involved in the dispute is particularly egregious, the dispute may end up before a regulatory or self-regulatory body, like the SEC or FINRA, respectively. Either way, when you end up in an employment dispute with your firm, it is highly recommended that you speak with a Securities Law Attorney that has experience in intra-industry disputes, like the ones at Malecki Law, to help guide you through the process.
Many employees ignore warning signs that they are in a “bad marriage” with their employer. As soon as odd questions start from your manager, supervisor, or compliance professional, you should have an experienced Securities Lawyer, like those at Malecki Law, on retainer and prepared to assist you. Firms principally are concerned with protecting themselves and do not care if it is at your expense, no matter how long you have been with them. “Scapegoat” is a word in the dictionary curated and utilized by those seeking to evade liability.