If you think about some of the stories that make the news regarding inappropriate work practices, you likely are aware that a fair amount of whistleblower lawsuits are filed by people who are currently or were formerly employed by companies that operate in the financial sector. In one such whistleblower lawsuit, two former brokers brought suit against Morgan Stanley alleging that they were fired in retaliation for complaining about improper practices and violations of securities law that they witnessed during the course of their employment at the company’s warehouse. The company denies the allegations that have been brought against it by the two brokers, claiming that they are entirely without merit.
The two former brokers claim that they saw both trainees and interns entering into trades on behalf of their advisers by using the brokers’ access codes. That conduct is a violation of firm policy. They also assert that they witnessed an advisor trying to get an insurance commission in an inappropriate manner. One of the former brokers even says that she was harassed by her branch manager and another adviser. These are just a few of the things that the two former brokers claim to have experienced during the course of their employment at Morgan Stanley.
One of the brokers involved in the lawsuit says that she approached her branch manager to discuss the securities violations that she had witnessed. She says that in response to hearing what she had to say about the improper conduct, the manager told her to leave his office. He later asked her for a list of her clients. A month after all of that happened, the same manager informed the broker that the firm was unwilling to pursue a two hundred million commodities deal on behalf of one of her clients. Confrontations between each of the two brokers and other individuals at the firm continued to occur, and in 2011, the brokers filed a whistleblower complaint with the Securities and Exchange Commission. Both of the brokers involved in this lawsuit were eventually fired, allegedly for poor performance. Notwithstanding, they claim that they were terminated in retaliation for filing a whistleblower complaint with the Securities and Exchange Commission.
Barrett Law PLLC: Representing the Interests of Mississippi Whistleblowers
The life of a whistleblower is not easy, and whistleblowers need legal support that they can count on. The Mississippi Whistleblower Attorneys at Barrett Law PLLC will work hard to help you with your whistleblower claim. Our attorneys understand that you may have many questions and concerns as your whistleblower case moves along. When concerns or questions arise, we can help you find the answers that you need. To learn more about how we can help you with your Mississippi whistleblower lawsuit, please call the seasoned Mississippi Whistleblower Attorneys at Barrett Law PLLC today, at 1 (800) 707-9577 to schedule your free, initial consultation.