{"id":20590,"date":"2023-08-18T01:27:41","date_gmt":"2023-08-18T01:27:41","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2023\/08\/17\/wells-fargo-discriminated-against-older-advisor-suit-claims\/"},"modified":"2023-08-18T01:27:41","modified_gmt":"2023-08-18T01:27:41","slug":"wells-fargo-discriminated-against-older-advisor-suit-claims","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/08\/18\/wells-fargo-discriminated-against-older-advisor-suit-claims\/","title":{"rendered":"Wells Fargo Discriminated Against Older Advisor, Suit Claims"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/781823801\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/06\/12_Wells_Fargo_Branch_NY_BB_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/06\/12_Wells_Fargo_Branch_NY_BB_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"the-advisor bullet-summary\">\n<h3>What You Need to Know<\/h3>\n<ul>\n<li>Supervisors repeatedly discriminated against Valdez because of his age and disability, the suit claims. <\/li>\n<li>Valdez&#8217;s clients were being transferred to a younger advisor, according to the suit. <\/li>\n<li>Valdez\u2019s attempts to resolve the issue with human resources were unsuccessful.<\/li>\n<\/ul>\n<\/div>\n<p id=\"first-para\">A Wells Fargo advisor is suing the firm for allegedly engaging in a continuous course of discriminatory conduct toward him, which included transferring him to a \u201cless desirable\u201d branch and sending his clients to a younger advisor.<\/p>\n<p>Peter Valdez, a senior financial advisor at Wells Fargo in Dutchess County, New York, <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.604555\/gov.uscourts.nysd.604555.1.0.pdf\" target=\"_blank\" rel=\"noopener\">filed the suit on Wednesday<\/a> in the U.S. District Court for the Southern District of New York.<\/p>\n<p>Valdez has been&nbsp;employed by Wells Fargo Advisors as a financial advisor since 2002 in Dutchess County, according to the suit.<\/p>\n<p>The advisor is 64 years old and&nbsp;suffers from disabilities, of which Wells Fargo \u201cis aware,\u201d the suit states, including an epileptic seizure disorder, anxiety and related mental health ailments.<\/p>\n<p>Wells Fargo Advisors, by and through its supervisors, engaged in a \u201ccontinuous, and continuing, course of discriminatory conduct toward Plaintiff based upon Plaintiffs\u2019 race, gender, disability, religion, national origin and\/or ethnicity (Hispanic) and in retaliation for his opposition to discrimination by Defendants, thereby denying him financial benefits, career advancement opportunities, promotional opportunities, income and client assignments,\u201d according to the suit.<\/p>\n<p>According to the suit, Valdez was assigned to the Mid-Hudson market, and his \u201cprimary responsibilities as the&nbsp;[advisor] were to work at the branch at least four days a week, attend branch meetings, have coaching sessions with the bankers and to work&nbsp;at a Non-Affluent Wells Fargo Branch in Fishkill, New York one day a week.\u201d<\/p>\n<p>Valdez was transferred to the Hopewell Junction branch&nbsp;around December 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What You Need to Know Supervisors repeatedly discriminated against Valdez because of his age and disability, the suit claims. Valdez&#8217;s clients were being transferred to a younger advisor, according to the suit. Valdez\u2019s attempts&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/08\/wells-fargo-discriminated-against-older-advisor-suit-claims.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20590"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20590"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20591"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}