Financial Services Employment Law News, Updates, and Insights for Financial Services Employers

Tag Archives: ATP

FINRA’s $1 Million Dollar Fine of Merrill For Dodging Arbitration of Claims

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. … Continue Reading