Anyone have experience going to the regulatory agencies with concerns and complaints about their treatment at the bank, or the bank in general? What is the intake process? How were you treated? Any feedback to share?
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Trying is never futile. Here is a post from another commentator on this board (@7mht+1tl8VRCl) about someone who filed a complaint to the FINRA and succeeded:
"As others have stated, there are managers here that will try and ruin your career elsewhere. If you have an ounce of dignity you won't fare well here at all, they hate people who think for themselves. Find a contract role elsewhere, Wells Fargo looks horrible on a resume anyway. It's not black balled, the term is u5. A u5 is career death and someone from WF won their long lengthy battle.
https://www.forbes.com/sites/billsinger/2011/12/15/wells-fargo-hit-with-punitive-damages-in-finra-u5-defamation-case/
Work somewhere that will enable growth, not diminish it. Work somewhere that you are safe and can get a lot done."
Some WF mo--s are here.
The regulators and journalists are in their pocket. Don’t risk it.
Regulators are unelected grifters who make doing business in America insufferable. By legitimizing them, we empower them.
If it falls under discrimination or other protected categories - you can. Folks took the time and found legal counsel. In some ways walking away with settlement money is just another form of allowing this org to do what it does over and over again. More importantly, take the time to not be around this kind of work environment. Learn to interview, be aware of red flags, learn to read the room, etc. Find a good place to work and use the remainder of the time for personal development and to enjoy with your
loved ones. That's what many learn after all of this. A humbling but practical experience. Don't ever take it personally. Be thankful, find resources to move on.
I have. I agree that having a law/regulation to point to is important in getting anywhere. Overall though just make sure you’re willing to spend a ton of time on it as I have been working with agencies on my issue for over a year and a half. (Mine is related to ADA).
Unless you have a specific crime/regulatory violation to report, and have the receipts… don’t bother. They’re not interested in employee complaints about poor treatment - unless there’s a violation of labor law or banking reg.
If you want to talk about how you/others feel mistreated/undervalued, then you could try pinging one of the reporters who cover banks.
Better yet - find another job and move on with your life. You’ll be better off in the long run not letting this occupy space in your brain.
They don’t care, it’s not their focus.