Workforce.com reports that Clifford Jagodzinski alleged in a complaint filed last month that his firing in April by MSSB was 'an action for unlawful retaliation under the Dodd-Frank Act', as well as claims under state law.
Fox Business Network reports that the firm has acknowledged it asked a former risk officer to investigate certain trades executed by a big-money broker's team, but the firm denies allegations that the officer discovered the broker was improperly "churning" securities or that the officer was fired because of the alleged discovery.
MSSB spokeswoman Christine Jockle said: 'We believe the complaint is without merit and we intend to vigorously defend ourselves'.
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image: © Steven Depolo
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