So in addition to FINRA rule, does that also mean there isn't going to be a need for our hall monitors?? I am sure those still at WF got the email about having people watch everyone swipe in and out of our buildings?? Making sure we all put in our 8 HR in office days??
8 replies (most recent on top)
They are watching our movements everywhere we go. No escape.
@1pta It’s the C suite saying it. The only ppl barking about 5 days and 8 hours are types like scott p. The top of the house in other LOBs are saying just badge in. No watching you come/go, no counting your hours, etc. People who have worked here a long time know that we all have different experiences based on our business lines. It’s why you hear the word SILO so much. It’s like working for a different company depending on where you work (in comparison to others).
If @srk+1sI78AEm is factual it makes it that much more comical. When heads of entire divisions, ceo, etc can say “expectations are 8 hrs” then lowers can provide new prime directives essentially contradicting that it makes for a terrible environment no matter how you cut it.
Surprised the C Suite allows themselves to be undercut like that.
It's amazing what the media can do. Most people in banking never heard of FINRA, now these people are freaking out for no reason.
For all the people in the back row...
FINRA regulates the Securities Industry. FINRA does not regulate the Banking Industry. The FINRA rule only applies to people who are registered with FINRA. That is mostly going to be people in WIM who are in WF Advisor branch locations or who are a broker in a Bank location or who someone who supports them directly in a role that requires them to be registered with FINRA. The original article mentioned Banks because most of the larger banks have a brokerage subsidiary.
https://www.finra.org/media-center/newsreleases/2024/finra-statement-correct-misinformation-about-new-residential includes additional information and some FAQ's.
Yes it does depends in line of work. If people knew the full scope of the FINRA rules coming they will freak out. The 3/2 wfh rule, home audits verifying you are where say you are on 3/2, licensing requirements are all coming for all firms VERY soon. There are goi g to be a lot of unhappy people.
I think the rules might depend on the specific group or business you work in. My team is in office 3x a week, and we have been explicitly told that we are allowed to go home on our lunch and finish our shift at home. All of the managers in my group do it, and most of my coworkers do as well.
Haven't seen an email, but cameras watch most entranced, no need to waste $ on having a door monitor.