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 Interesting article, see end for how much brokers make. |
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中国律师
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[个人文集]
游客
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作者：游客 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
A Massachusetts stockbroker filed a lawsuit yesterday in US District Court alleging that Citigroup Smith Barney failed to pay him overtime in violation of state and federal wage laws.
Joseph P. Blood, 45, of Milton, said he routinely worked 70 to 80 hours per week from 1997, when he was hired by the company's Waltham office, to the day he quit the brokerage in March.
Blood said he was not given overtime pay, as he claims is required by the US Fair Labor Standards Act. Under that law, nonexempt employees must be paid time-and-a half after working more than 40 hours in a week.
Boston lawyer Shannon Liss-Riordan, who represents Blood, said her client typically began working at 7 a.m. and left the office at 9 p.m. on weekdays.
He also worked half-days on weekends, she said. ''Financial consultants work a tremendous amount of hours," she said. ''The impact on family life is huge."
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The law governing whether stockbrokers are exempt from overtime pay is complicated and has led to disputes.
Liss-Riordan said Blood's primary responsibility was to sell financial products such as stocks, bonds, and mutual funds.
He earned, on average, between $50,000 and $75,000 per year, depending on sales volume. In March, he quit to take a position with another brokerage.
作者：游客 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 Interesting article, see end for how much brokers make. -- 中国律师 - (1310 Byte) 2006-5-15 周一, 15:11 (1076 reads)
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