A financial advisor represented by the Sarasota office of Shumaker, Loop & Kendrick who claims he was unjustifiably fired from UBS Financial Services in Idaho was recently awarded $1 million for compensatory damages.
Randy Anderson had served as a financial advisor at the Boise branch of UBS for eight years when he was discharged in November 2020 for allegedly executing trades without client approval and failing to report a subsequent customer complaint, according to a statement from Shumaker.
Shumaker partners Jarrod Malone and Brandon Taaffe argued the termination was wrongful and pretextual, potentially driven by Anderson’s age and speculation he might leave the firm, which the attorneys say was supported by inconsistencies from UBS during the arbitration…