Client Associates Sue Firms Over Discrimination and Wrongful Termination

Posted on December 3rd, 2024 at 2:30 PM
Client Associates Sue Firms Over Discrimination and Wrongful Termination

From the desk of Jim Eccleston at Eccleston Law

Three former client associates have accused major financial institutions—Charles Schwab, Morgan Stanley, and Ameriprise Financial—of wrongful termination. As reported by AdvisorHub, the claims center on allegations of discrimination and medical leave violations.

For example, one former client associate at Morgan Stanley filed a lawsuit alleging discrimination, harassment, and retaliation based on her national origin, disability, and gender. She alleges that she was required to be in the office daily, while her colleagues had the flexibility to work from home. Additionally, a former employee at Charles Schwab alleges that Schwab wrongfully denied her medical leave, violating both state and federal labor laws.

Finally, a 70-year-old client associate with an independent Ameriprise practice claims she was wrongfully terminated after sustaining an arm injury that required time off. According to her complaint, one of the practice’s co-owners repeatedly referred to her as "Ms. 70" and questioned her retirement plans. All three firms deny the allegations, according to AdvisorHub.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

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