Has your employer taken the position that your deferred compensation was forfeited when you moved to a new financial service firm?
We represent employees that have been the subject of Wall Street’s retaliation. When leaving their firm, many financial advisers have been told that by taking a position with another competing firm they have forfeited the money accumulated in their retirement accounts up to the moment of their departure.
The Employee Retirement Income Security Act (“ERISA”) prohibits such forfeitures of retirement money.
We have reason to believe that many of the large banks and brokerage firms have similar policies with respect to departing employees. We are interested in talking to any former financial advisers who worked for wire-house firms and had their retirement money withheld from them when they left the firm.