Wrongful Termination Attorneys
In the securities industry, like other industries, many employees are deemed to work “at will”, meaning their employment can be terminated at any time, for any reason, or for no reason at all, unless the reason for termination violates the law.
Where the employer and employee have entered into an employment agreement that does not include a provision deeming the employee to be “at-will”, the employer must comply with the termination provisions provided in the agreement. These provisions typically identify the reasons (or “causes”) for which an employee may be terminated. An employee cannot be terminated for a reason not identified in the agreement.
An individual cannot be terminated for reporting to the Securities and Exchange Commission a violation of the securities laws, the rules and regulations of the securities industry, or other illegal act. If that happens, the employee may have a cause of action for improper retaliation under the Sarbanes-Oxley Act of 2002 and/or the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Freiberger Haber LLP provides representation to investment professionals and investment/brokerage firms with employment disputes involving claims of wrongful termination. If you are involved in such a dispute, contact the Firm for a confidential evaluation of your case.