Finra viewed the error by WF Advisor as theft . . .
https://www.advisorhub.com/wells-fargo-axes-veteran-broker-who-expensed-60-personal-fedex-bill/
11 replies (most recent on top)
WF is terminating 1000 employees a month, and has been doing so since 2022. They don't need to follow any of the old processes from before Charlie, you get terminated for anything at all now. Especially when you are in an at-will employment state, they literally do not need to even give a reason.
The difference is that he's not lying about the purpose of the trips.
For the uneducated / unaware, there's no way this is what they were fired for. There's a path to termination and this would not trigger it. It just means this person had other poor actions and history that prompted this. Everyone likes to jump to conclusions as the other information is likely not going to be freely provided.
But Sol G. expensing every unecessary trip, business meal and flying first class stateside while staying at 5 star hotels is fine.
This is a good post to show who knows the brokerage business and FINRA and who doesn't.
There might be a backstory to this one.
Who hasn’t brought home pens and legal pads? Or tried to put personal mail in the business mail? I have. Charlie & Co are nickel-and-diming us, and purposely creating a “dog-eat-dog” work environment. He has created an atmosphere where employees will try to take back their power however and wherever they can. That’s what you get when you disrespect your employees.
And WF has stolen how much from how many people????? The irony.
Dude even saw the the mistake and offered to pay!
Terminated for one minor offense? Then Charlie should be terminated for his comments about the bank’s lack of diversity being due to “a limited pool of Black talent”.
It’s all smoke and mirrors. How did this story, and the story about terminating 12 employees allegedly faking keyboard activity, make it to the press? Because Wells actively put it out there, hoping to distract investors from the real corruption occurring at the top levels of the bank.
What's the point of this post you ask?
No point. Other than some dope who loves to post anything and everything that they see and projecting fake rage on an annon site like this.
What's the point of the post?
He was not a 30 year employee as he came over during the Credit Suisse deal.
Obviously, he was careless with his expense submittals.
30 years with the firm and he did not know that there was no way for the company to charge him for the cost? Why couldn’t he just create his own FedEx account and pay the premium amount for the FedEx packages? He knew what he was doing and he’s done it before I’m sure. He knew better.