Wachovia / Wells Fargo Loses Stunning Retention-Award Case Against Former Employee

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Mar 18, 2011 5:06 pm

In explaining his theory as to why he was relieved or an obligation to repay the retention award, Respondent Coster alleged that Claimant Wells Fargo's policies relating to the commodities futures business drove several of his large clients away.  Respondent asserted that the net result of these policies would have eliminated approximately 90% of his revenue production. Claimant generally denied these allegations and asserted various defenses, including that Respondent was an at-will employee subjected to termination at the firm’s prerogative.

READ at http://www.brokeandbroker.com/791/wachovia-wells-fargo-coster-retention-finra-arbitration/