#MeToo and Wall Street’s ‘Black Hole’
As women, and men, the world over reckon with a tidal wave of disclosures about sexual harassment in many industries, an investigation has found a troubling history at the organization that oversees workplace misconduct on Wall Street.
For decades, the Financial Industry Regulatory Authority — or FINRA — has supervised disputes involving 630,000 brokers who buy and sell securities. That can also include claims of sexual harassment and hostile work environments.
An analysis by The Investigative Fund in partnership with The Intercept has found that in the past 30 years, women brought only 98 cases of sexual harassment or hostile work conditions to FINRA, and 60 of them were dismissed or denied by the authority. During that same time period, arbitrators at FINRA decided more than 55,000 claims related to other issues.
This week on Money Talking, Charlie Herman speaks with financial journalist Susan Antilla who wrote the story, “FINRA’s Black Hole” that examines how Wall Street's self-regulating organization is handling allegations of sexual harassment. Antilla is also the author of "Tales From the Boom-Boom Room: Women vs. Wall Street."
