We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Wachovia Broker Wins $3.8M In Panel Ruling

Law360 (September 26, 2006, 12:00 AM EDT) -- An arbitration panel has ordered Wachovia Securities to fork over $3.8 million to a former stockbroker who claimed he was illegally fired from the company in the wake of the 2003 market-timing scandal.

A three-member arbitration panel set up by the National Association of Securities Dealers handed over the award, including interest, to Frederick O’Meally, a former Prudential Securities broker.

He was dismissed from Wachovia in 2003 after Prudential Financial Inc. sold a controlling stake in the brokerage business to Wachovia Corp.

Wachovia defended its decision...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.