Newsletter Signup

Search Our Blog

What Do Flip Flops, a Halloween Party and Bad Language Have In Common? One Fired Broker…

By George C. Miller, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, July 24, 2015.

Until July 2015, Marc Lowe was a top-producing financial advisor based in Bank of America Merrill Lynch’s Los Angeles offices. He reportedly was part of a top producing team at Merrill (formerly known as the Vilardo Lowe Group) who managed an estimated $2.5 billion—that’s billion, with a “b”—in assets at the firm. Barrons magazine had previously ranked Lowe as the 24th highest producing advisor in California. 

Things took a decided turn for the worse in 2015. According to a recent Investment News article, Merrill Lynch terminated Lowe for alleged “inappropriate workplace behavior” earlier this month. That behavior purportedly included wearing flip-flop sandals to the office (though Lowe claims he wore them after having foot surgery at the recommendation of a doctor), some inappropriate comments about a co-worker’s costume at a Halloween party and cursing in the presence of firm management. According to the article, Lowe had been employed by Merrill Lynch and its predecessors for nearly 20 years with no issues, but problems arose after a change in management which led to the aforementioned “culture clash” in the Los Angeles office where Lowe worked. 

Shustak Reynolds & Partners, P.C.’s attorneys have extensive experience in representing brokers and financial advisors in employment and wrongful termination claims, promissory note disputes, FINRA arbitrations and regulatory proceedings. Contact us today for a confidential analysis of your situation.

Share This Article linkedin