New York City Employee Misclassification Attorneys Protect Stockbrokers From Wage Theft

Stockbrokers are commonly victims of wage theft

Stockbrokers are expected to work some of the longest and most stressful hours of any industry. Most of them work for a base salary with incentives and bonuses based on production. The brokerage firms they work for mislead them into thinking that they are not entitled to the employment benefits and protections that people in other jobs receive. It is a misnomer that deprives stockbrokers from receiving millions of dollars in earned wages every year. At Hepworth, Gershbaum & Roth, PLLC, our New York City employee rights attorneys

How stockbrokers are misclassified as employees exempt from receiving overtime wages?

Employees that are salaried management or considered independent contractors are not entitled to receive overtime wages from the people they do work for. Almost all New York City brokerage houses misclassify stockbrokers as either one of those two categories in order to avoid paying their employees what they deserve for working their long, hard hours. Through years of legal battles, our NYC employment misclassification attorneys have established several precedents that describe which factors determine whether an employee is eligible to receive overtime wages.

Benefits of New York City stockbrokers joining class action lawsuits for employment misclassification

There are a lot of reasons why most of the lawsuits filed by stockbrokers against their brokerage houses have been class action lawsuits. Our team of New York City stockbroker misclassification attorneys encourage you to explore your options for filing a lawsuit to recover compensation as both an individual and as a member of a class action. We generally find that it is in the best interest of our clients to form class action lawsuits against their employers because:

• There is a lot of strength in numbers

• Your claims as a group are settled much more quickly

• You have less fear of retaliation from your employer

• Litigation is expensive—class action lawsuits allow attorneys to minimize expenses to maximize awards for their clients

• There are more protections that class action lawsuit members receive

• The unity of a class action lawsuit brings sweeping and lasting changes in the workplace

Schedule our free initial consultation with our NYC stockbroker misclassification attorneys today

The NYC stockbroker misclassification attorneys at Hepworth, Gershbaum & Roth, PLLC are here to help you protect your rights as an employee and recover the rightful compensation you deserve. We can help put an end to the wage theft in your workplace, even if that workplace is Wall Street. To schedule a free, confidential consultation, call us at 212-545-1199 or contact us online.