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(EMAILWIRE.COM, September 30, 2010 ) New York, NY – The overtime attorneys working with IQOvertime.com are available to review unpaid overtime claims from stock brokers who regularly work more than 40 hours a week and have been denied overtime pay. Stock brokers who do not meet one of the federal overtime exemptions, which are typically reserved for administrative, professional and executive employees, should receive 1.5 times their regular rate of pay for every hour worked in excess of 40 during a single workweek. If you have been denied overtime pay as a stock broker, visit http://www.iqovertime.com/stock-brokers-unpaid-overtime--41098.html to learn your legal rights.
Overtime violations in the financial services industry are not uncommon, as stock brokers and financial advisers are among the types of employees who are most likely to be misclassified or otherwise subjected to illegal wage and hour practices. In fact, Wachovia Corp. recently faced an unpaid overtime claim filed on behalf of more than 10,000 stock brokers. According to the unpaid overtime lawsuit, the stock brokers, referred to as financial adviser trainees or financial advisers, alleged that they were misclassified as exempt from overtime wages under federal and state law. In May 2009, a federal judge in California approved a $39 million preliminary settlement to resolve the claim.
Stock brokers who were denied overtime pay may be able to participate in an unpaid overtime lawsuit to collect up to three years of back pay, as well as an equal amount in liquidated damages and attorneysÂ’ fees. If you have been denied overtime pay as a financial adviser or stock broker, visit http://www.iqovertime.com/ to receive a free evaluation of your potential unpaid overtime claim. The overtime lawyers working with IQOvertime.com are offering this free case review at no cost and are dedicated to protecting the rights of stock brokers and other employees who were wrongfully denied overtime pay.
About IQ Overtime
IQOvertime.com was established to provide information for workers who have been denied overtime compensation. Comprehensive resources for workers are available on this site, including informational articles, an overtime calculator, answers to frequently asked questions, and an overview of state overtime laws. If you have been denied overtime pay, get the legal help you need today. Visit http://www.iqovertime.com and complete the Free Case Evaluation form to have your claim reviewed at no cost.
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