Articles Posted in stockbrokers

Stockbrokers May not Be Exempt Employees
Gordon Law Group

Recently, several large financial services firms, including Merrill Lynch, Morgan Stanley and UBS, have paid more than $160 million to settle state and federal overtime lawsuits brought by stockbrokers and financial advisors. The core issues in these cases suggest the risks employers face in classifying employees as “exempt” from federal and/or state minimum wage and…

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