Client Associates Sue Firms Over Discrimination and Wrongful Termination

Posted on December 3rd, 2024 at 2:30 PM
Client Associates Sue Firms Over Discrimination and Wrongful Termination

From the desk of Jim Eccleston at Eccleston Law

Three former client associates have accused major financial institutions—Charles Schwab, Morgan Stanley, and Ameriprise Financial—of wrongful termination. As reported by AdvisorHub, the claims center on allegations of discrimination and medical leave violations.

For example, one former client associate at Morgan Stanley filed a lawsuit alleging discrimination, harassment, and retaliation based on her national origin, disability, and gender. She alleges that she was required to be in the office daily, while her colleagues had the flexibility to work from home. Additionally, a former employee at Charles Schwab alleges that Schwab wrongfully denied her medical leave, violating both state and federal labor laws.

Finally, a 70-year-old client associate with an independent Ameriprise practice claims she was wrongfully terminated after sustaining an arm injury that required time off. According to her complaint, one of the practice’s co-owners repeatedly referred to her as "Ms. 70" and questioned her retirement plans. All three firms deny the allegations, according to AdvisorHub.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

December 22, 2025
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

December 19, 2025
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.