Sen. Bob Casey Pushes Finra to Expedite Reviews of Wells Fargo Employee Dismissals

Wells Fargo & Co. is facing increasing scrutiny over whether it wrongfully fired employees who pushed back on questionable sales practices and sometimes mischaracterized their behavior on their industry records.

The latest salvo came from Sen. Bob Casey (D., Pa.), who in a letter Wednesday to the brokerage industry’s self-regulatory body asked for an expedited review to determine whether any Wells Fargo employees were unfairly dismissed as retribution for speaking out or not cooperating with aggressive cross-selling tactics, according to the letter reviewed by The Wall Street Journal.

“Wells Fargo appears to have terminated employees because they either refused to break the law, or reported unauthorized and abusive activity to their supervisors, the Wells Fargo ethics hotline or human resources, ” said Mr. Casey’s letter, written to the Financial Industry Regulatory Authority, or Finra.

Read on.

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