UBS Must Pay Ex-Financial Adviser $1.6M In Gender Bias Row

By Chris Villani (October 28, 2019, 5:37 PM EDT) -- UBS Financial Services Inc. and its market manager in Boston were hit with a $1.6 million arbitration penalty after being accused of gender discrimination and retaliation by a longtime financial adviser, according to the judgment obtained by Law360 on Monday.

Following a seven-day arbitration hearing, Christine Carona was awarded $1,633,019 in damages, attorney fees and costs after claiming the global investment bank's Boston manager, James Ducey, tried to block her upward career path and made crude and sexist remarks about her and made derogatory comments about her personal life in front of other UBS employees.

When she complained, she said he...

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