'Culture Clash' Led to $2.5 Billion Merrill Firing: Lawyer

Posted on August 17th, 2015 at 5:12 PM
'Culture Clash' Led to $2.5 Billion Merrill Firing: Lawyer

From the Desk of Jim Eccleston at Eccleston Law LLC: 

Bank of America has recently fired a broker who was formerly in charge of $2.5 billion in assets. The broker, Marc D. Lowe, reportedly had three strikes against him over the past few months that led to his termination, all of which were said to be "behavioral issues." Strike one came from wearing doctor recommended flip-flops to the office after a foot surgery. Strike two came from a comment deemed "inappropriate" by management after a co-worker came dressed to a company Halloween party as a stripper. Strike 3 came from a conversation that turned heated and involved management over-hearing curse words.

Lowe worked at Bank of America Merrill Lynch for 20 years and never experienced any issues until new management was incorporated into the Los Angeles office in 2014. Lowe has not yet found a new employer.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, bank of american, merrill lynch,

Return to Archive

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

April 22, 2024
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.

April 19, 2024
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.