Whistleblower Wins FINRA Arbitration For Big Bucks
In a Statement of Claim filed in August 2008, Michelle Ford asserted the following causes of action:violation of the New Jersey Conscientious Employee Protection Act at http://americanfraud.com/Documents/CEPA%2034.19.pdf, wrongful discharge in violation of public policy, unlawful interference with contractual relations, unlawful interference with prospective economic advantage, intentional infliction of emotional distress, retaliation pursuant to New Jersey Conscientious Employee Protection Act, and defamation.
Claimant Ford ultimately sought at least $1 million in compensatory damages, plus punitive damages, attorneys' fees, interest, expenses, costs and any other relief the Panel deems just and proper.In the Matter of the Arbitration Between: Michelle L. Ford, Claimant, v. Affinity Investnnent Services, LLC, Affinity Federal Credit Union, Affinity Financial Services, LLC, and Mark Dubei, Respondents, v. Securities America, Inc., Securities America Advisors, Inc., Vantage Point Financial Services, and Vantage Point Bank, Third Party Respondents (FINRA Arbitration 08-02782, October 13, 2010)
The New Jersey Conscientious Employee Protection Act provides protection from retaliatory action to employees who seek to assert their rights under a variety of statutes. It is commonly known as the "whistle blower act," and its purpose is to encourage employees to report illegal or unethical work place activities and discourage public and private sectors from engaging in such conduct.
TO LEARN ABOUT THE OUTCOME OF FORD V. AFFINITY, READ:
http://www.brokeandbroker.com/index.php?a=blog&id=595Read Bill Singer's Huffington Post Column. Now on-line: http://www.huffingtonpost.com/bill-singer/atm-investment-scheme-gui_b_768137.html
ATM Investment Scheme Guilty Plea