DOL Orders Schwab To Reinstate 2 Whistleblowers

Law360, New York (October 27, 2008, 12:00 AM EDT) -- Two employees axed by The Charles Schwab Corp. for refusing to falsify entries in the investment giant's database will have their old jobs back, plus back pay and damages, according to the U.S. Department of Labor.

In a statement Monday, the DOL said that Schwab had violated the whistleblower provision of the Sarbanes-Oxley Act of 2002 by retaliating against the employees.

The two workers, whose names the DOL wouldn't release, claim that Schwab fired them after they refused to participate in a Millburn, N.J. branch office's...
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