Delray Beach & Boca Raton Area Employment Arbitration Attorneys
Brokerage Firm Misconduct
Although the U.S. legal system does not tolerate unconscionable treatment of employees, Wall Street is no stranger to brokerage firm misconduct. Employees’ rights may be violated in the financial sector, whether through obvious misconduct in the form of sexual harassment and a host of civil rights discriminatory practices, or by taking on a more subtle and sophisticated veil, such as filing false disclosures that preclude future employment, defamation of character and withholding promised commissions.
Scarlett & Gucciardo, P.A. has represented brokerage firm employees in arbitration brought against securities industry firms that have violated employee rights.
Compulsory Arbitration for Employment Disputes
In an effort to limit exposure to costly litigation and reduce accountability to employees, the securities industry instituted a system that imposed arbitration for dispute resolution. In order to become a broker, an employee must sign a U-4 Form for licensing, which stipulates the use of employment arbitration for dispute resolution. However, when violations fall under federal law, such as discrimination violations covered by Civil Rights Acts, the EEOC is charged with the interpretation and enforcement of employment discrimination laws and the federal courts also have jurisdiction based on their responsibility to uphold Constitutional rights. Discrimination cases, if not fairly resolved through arbitration, may be open to further recourse through litigation based on federal jurisdiction over these matters.
Employment Arbitration Representation
We represent clients in a variety of employment issues which include the following:
- Sexual Harassment
- Wrongful Termination
- Defamation Claims
- Promissory Note Reduction
- Bonus & Compensation Disputes
If you are a stock broker or an assistant at a brokerage or financial company and have reason to believe your rights as an employee have been violated, please contact Scarlett & Gucciardo, P.A. online or at (561) 278-6707 to arrange a free consultation with one of our lawyers. Our firm will evaluate your case and if represented, we will take your case on contingency, meaning our fees are dependent or contingent upon recovering money on your behalf.