Ex-FINRA Director Accuses Agency Of Age Bias

Law360, New York (August 31, 2011, 12:58 PM EDT) -- The Financial Industry Regulatory Authority Inc. was sued Tuesday in New York federal court by a former director who says the agency violated federal and state discrimination laws by firing him because of his age and replacing him with a younger employee.

Hans-Linhard Reich says his former boss at FINRA told him that he wasn't “active” enough to continue as senior vice president and regional director of the agency's New York offices, firing him and then withholding his guaranteed bonus when he refused to sign a...
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