To the extent that any progress toward halting discrimination has taken place in the financial services industry, it has been because of class action lawsuits such as the one she filed for Bland and others in his proposed class of plaintiffs, Friedman says. It’s against the law to discriminate,” she says. In his statement, Boul said: “We believe we have complied with all local, state and federal laws related to compensation and intend to vigorously defend this action.” Linda Friedman, a partner at Stowell & Friedman who is representing Bland in the discrimination lawsuit and Bland and his three co-plaintiffs in the wage and hour lawsuit, stresses that firms take risks if they discriminate. Boul did, however, email a statement about allegations in Bland’s previous lawsuit - that Edward Jones violated wage and hour laws. John Boul, a spokesman for Edward Jones, said he would not provide comment on the discrimination case since the firm’s executives and lawyers have not had time to review the allegations. In that lawsuit, Bland and his co-plaintiffs allege Edward Jones violates federal wage and hour laws when it demands trainees who leave or are terminated before a three-year period pay back up to $75,000 for their training costs. Edward Jones denied Bland and other African-Americans “business opportunities and resources regularly given to white FAs at the firm,” the lawsuit states.īland, who left Edward Jones in 2016, is also one of four named plaintiffs in another pending proposed class action lawsuit also filed by Stowell & Friedman against Edward Jones.

Download Free Winbox Loader Password Hack Software there. Edward Jones also assigns African-American advisors the task of soliciting business from less-fruitful territories than their non-African-American counterparts, the lawsuit alleges. Specifically, Edward Jones denies them participation in a mentor-assigning program, and another program through which managers transfer client assets from retiring financial advisors to newcomers, the lawsuit alleges. The new lawsuit alleges Edward Jones discriminates against African-American financial advisors and trainees by denying them opportunities to participate in programs to develop their careers and client rosters. That law firm previously won more than $300 million in class action settlements based on discrimination lawsuits it filed against other firms, including wirehouses and. Wayne Bland, who filed the lawsuit and worked for Edward Jones for two years, is represented by Stowell & Friedman. On May 24, an African-American financial advisor filed a class-action race discrimination lawsuit against, his former employer. 2210 Sheila Wilson - Sheik, Rattle and Roll! Sheila Wilson.

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