{"id":5757,"date":"2015-04-06T00:00:00","date_gmt":"2015-04-06T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/04\/barclays_must_pay_former_trade"},"modified":"2022-03-22T13:53:52","modified_gmt":"2022-03-22T18:53:52","slug":"barclays-must-pay-former-trade","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/barclays-must-pay-former-trade\/","title":{"rendered":"Barclays Must Pay Former Trader $9M, Ex-Raymond James Broker Gets Back $650K Award"},"content":{"rendered":"

\t\t\t\tFinancial Industry Regulatory Authority arbitrators have awarded Mayank Chamadia $3.7 million in compensation in his case against Barclays Plc. (BARC) Chamadia was placed on leave from the June 2013 to prepare testimony for a possible interest-rate manipulation case. He resigned in October 2013 to go work for another firm.<\/p>\n

Although Chamadia wasn\u2019t accused of any violations, he said that the leave time while at Barclays hurt not just his reputation but also his bonus earning power. Now, Barclays must pay Chamadia millions of dollars in deferred pay along with the compensation. The arbitrators found that the firm had \u201cno basis\u201d to reduce or keep payouts that had not yet vested. Chamadia\u2019s lawyer says that this releases some $9 million in back pay that had vested, including interest, to his client.<\/p>\n

In another financial representative case against a firm, Robert Fenyk, an ex-Raymond James Financial Services Inc. (RJF)<\/a> adviser, recently saw his $650,000 award reinstated by the U.S. Court of Appeals for the First Circuit. The ruling comes after a five-year legal battle.<\/p>\n

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

Financial Industry Regulatory Authority arbitrators have awarded Mayank Chamadia $3.7 million in compensation in his case against Barclays Plc. (BARC) Chamadia was placed on leave from the June 2013 to prepare testimony for a possible interest-rate manipulation case. He resigned in October 2013 to go work for another firm. Although Chamadia wasn\u2019t accused of any […]<\/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":[3756,3752,3758],"tags":[],"class_list":["post-5757","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-financial-firms","category-raymond-james"],"yoast_head":"\nBarclays Must Pay Former Trader $9 Million | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"Barclays have been ordered to pay former trader, Mayank Chamadia millions of dollars in deferred pay along with the compensation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/barclays-must-pay-former-trade\/\" \/>\n<meta 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