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Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank
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Rising Star
Double spacing after each sentence? Like this?
I am in the same situation although haven’t been terminated (yet) - contact an employment law attorney ASAP. And when they tell you they keep a percentage, ask what is taxable. Depends on the case, but for me, it’s not taxable so the money the attorney gets would have been paid in taxes anyways. As to your U5, you can expunge a defamatory reason through FINRA. Look up the Singer blog (Google Singer FINRA U5)
I appreciate you!
I asked HR for multiple things: severance, my bonus which was due in 2 weeks, what the compliance department was going to mark my U5 as. I received a negative response for everything - got no severance, no response for my bonus, HR said compliance department will not reach out to me before filing my U5. My banked PTO from last year is also not getting paid out. I feel hurt, cheated, and backstabbed. Is my career in finance over?
I think they teed it up for you. “My skillset is to bring in and provide excellent service to clients using my interpersonal, insightful, empathetic, and analytical abilities and experience. They wanted me to make coffee.”
I terms of what we send to FINRA we will list what HR tells us, but as previous posters say it can be protested. So speak to a lawyer to protect yourself.
One thing I would say, people have pulled things FAR WORSE than what they are accusing you of, and got jobs in the industry pretty quickly.
Keep your head up and keep fighting, I’ll be honest most firms do not have the appetite to deal with lawyers and will start to backtrack once you start bringing the receipts.
Thanks so much for your response! I pushed my compliance department and I just got a response saying the reason they plan to put is
“Discharge: Mismatched between skillset and business needs”. How punitive do you think this is going to be as I look for other roles that require FINRA registration?
Get a lawyer
Double spacing could be indirect ageism. I've mainly seen older colleagues use double spacing. I've heard of stories on social media where people were singled out but I haven't personally seen it at my workplace.
One tip to check for the double spacing since you may encounter a similar issue again in future workplaces is to do a Replace All. Type two spaces in what you're looking for and replace with a single space.