Merrill Lynch faces suit over trading-Floor access — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Merrill Lynch faces suit over trading-Floor access

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The EEOC has filed suit against Merrill Lynch, claiming the brokerage firm discriminated against Majid Borumand, a former employee who is an Iranian Muslim. So far, the two cannot agree even on Borumand’s job title.
    Borumand, who holds degrees in mathematical finance and theoretical physics, says he was a quantitative analyst. Merrill Lynch says he didn’t work on the brokerage side of the firm, but was a senior programmer. Borumand claims he was barred from the trading floor because he was “from a country which has a high risk factor and a threat.” He further complained of negative comments about his national origin and religion.
    Merrill Lynch has “respectfully but strongly” disagreed with the EEOC’s decision to go forward with a lawsuit.

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