Sexual Orientation/Religious Discrimination Arbitration. NOTE: Legal Counsel Job Opening.

May 3, 2010

Claimant H&R Block (HRB) asserted Breach of Promissory Note and unjust enrichment arising out of Respondent Slonecker's employment and subsequent termination from the firm. Claimant HRB sought $73,423.30 in compensatory damages for the outstanding principal of the promissory note with accrued interest, and additional interest until such time as any award is fully paid. In the Matter of the Arbitration Between H&R Block Financial Advisors, Inc., Claimant, vs. William Gregory Slonecker, Respondent (FINRA Arbitration 08-03228, April 26, 2010).

In addition to generally denying the allegations, Respondent Slonecker counterclaimed with

  • Breach of Oral Contract,
  • Discrimination/Hostile Work Environment in violation of Title VII of the Civil Rights Act of 1964 and Title 1 of the Civil Rights Act of 1991,
  • Wrongful Termination, and
  • Fraud/Fraudulent Inducement

The basis of the alleged discrimination was Respondent's sexual orientation and religious preference. The Counterclaims were generally denied by Claimant.

The FINRA Arbitration Panel ordered Respondent to pay $73,423.30 in compensatory damages plus interest and $1,750.00 in filing fees. The Counterclaims were denied.

Bill Singer's Comment: Although Respondent's case did not fare well, it is still illustrative of the varied types of defense/counter-claims that can be (and frequently are) asserted in intra-industry employment disputes. 



COMPLIANCE COUNSEL, Investment Adviser
S.E.C. Registered Investment Advisor with traditional and alternative investments. Offices in U.S. and London.
Job Location: Stamford, CT.

Apply and see job description below, attached and at 

Salary: Up to 150,000 plus bonus


Job Responsibilities will include:

  • Oversee compliance efforts for firm and client accounts.
  • Advise/assist marketing group with marketing materials and Requests For Proposals (RFPs)
  • Oversee regulatory filings (ADV/13F/Blue Sky) and developments and draft/implement policies and procedures
  • Provide advice on investment advisory issues, tax, and ERISA matters relating to separate accounts and private funds
  • Special projects

Job Requirements / Experience Needed:

  • 5-6 years of experience  advising and assisting on legal and compliance related matters
  • Regulatory filings Form ADV, SEC 13F. State Blue Sky
  • Drafting and overseeing the implementation of  policies and procedures

Job Requirements / Degrees and Licenses Needed:

  • Knowledge of Investment Advisers Act, 40 Act, and marketing issues required
  • Juris Doctor
  • NY Bar
  • Both in-house investment advisory firm and law firm experience, preferred  
To apply and get a quick response, please e-mail your resume in WORD format with optional cover letter to

or call
(973) 826-0537
for more information.

Stuart Rosenthal
Rosenthal Recruiting