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MetLife Whistleblower Wins $2.5M In FINRA Suit

Law360 (September 15, 2010, 6:46 PM EDT) -- An arbitration panel with the U.S. Financial Industry Regulatory Authority has ordered MetLife Inc. to pay $2.5 million to a whistleblower who claimed the insurance giant retaliated against him for fighting alleged wrongdoing.

The panel awarded compensatory damages to former MetLife Financial Services Vice President Ronald A. Roganti on Sept. 2. Roganti had accused the company of retaliating against him after he protested its alleged failure to monitor the employment of registered representatives with tainted personnel histories and insisted on following regulations governing compensation to account executives.

Besides granting Roganti compensatory damages, the FINRA panel also denied Roganti’s request for punitive...

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