“Although all states recognize "at – will" employment, meaning that an employee can be dismissed by an employer for any reason (that is, without having to establish "just cause" for termination), and without warning, that is not true for the stockbroker – brokerage firm relationship. The reason is that brokerage firms are required to state the reason for termination of a stockbroker, and if that reason is false or not justified, then the stockbroker can bring a claim for wrongful termination against the brokerage firm.
Claims of wrongful termination have been on the upswing at FINRA and stockbrokers are winning these claims and recovering not only compensatory damages but punitive damages, as well.”
Contact Ms. Stoneman if you feel you've experienced wrongful termination and would like to discuss a claim.
- Stoneman Law Offices - Texas & Colorado. (719) 783-0303 Free Consultation - Representing Clients Nationwide