{"id":5734,"date":"2014-12-08T00:00:00","date_gmt":"2014-12-08T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/12\/goldman_must_pay_76m_to_two_br"},"modified":"2022-05-06T12:12:12","modified_gmt":"2022-05-06T17:12:12","slug":"goldman-must-pay-76m-to-two-br","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/goldman-must-pay-76m-to-two-br\/","title":{"rendered":"Goldman Sachs Must Pay $7.6M to Two Brokers for Wrongful Termination"},"content":{"rendered":"

A Financial Industry Regulatory Authority (FINRA) arbitration panel says that Goldman Sachs Group Inc. (GS) has to pay two brokers $7.6 million because they were wrongfully terminated. Luis Sampedro and Christopher Barra, who are now with UBS (UBS)<\/a>, claim that the Goldman made them forfeit deferred commissions after letting them go.<\/p>\n

The two of them were a team at the financial firm until 2007. They filed their arbitration claim in 2010.<\/p>\n

The withholding happened after the financial firm modified its compensation plan, requiring that a percentage of the brokers\u2019 commission be retained as restricted stock units to vest. Goldman, however, fired the two men before their stock vested.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A Financial Industry Regulatory Authority (FINRA) arbitration panel says that Goldman Sachs Group Inc. (GS) has to pay two brokers $7.6 million because they were wrongfully terminated. Luis Sampedro and Christopher Barra, who are now with UBS (UBS), claim that the Goldman made them forfeit deferred commissions after letting them go. The two of them […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3947],"tags":[],"class_list":["post-5734","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-goldman-sachs"],"yoast_head":"\nGoldman Sachs Must Pay $7.6M to Two Brokers for Wrongful Termination — Investor Lawyers Blog — December 8, 2014<\/title>\n<meta name=\"description\" content=\"A Financial Industry Regulatory Authority (FINRA) arbitration panel says that Goldman Sachs Group Inc. 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