A WHISTLE-BLOWERS IDENTITY SHOULD ALWAYS REMAIN CONFIDENTIAL!

Why wasn't her identity kept confidential?

FORMER WELLS FARGO EXEC FILES COMPLAINT AGAINST COMPANY WITH DOL

A former Wells Fargo wealth manager in Washington, D.C. filed suit with U.S. Department of Labor last week that claims the company forced her out of her job for cooperating with a company investigation of her former supervisor. Pamela S. Bolanis, 36, who was senior vice president of investments in the Sargent Investment Group of Wells Fargo Advisors, filed a whistle-blower complaint with the Labor Department alleging her supervisor, Christopher Sargent, fired her in May for cooperating with Wells Fargo in an investigation of him, according to a report in the Washington Post on Sunday. Well Fargo was performing an internal investigation of her boss's investments, as well as possible securities violations and suspected insider trading. Bolanis is seeking damages that include back pay and reinstatement of her contract. Sarbanes-Oxley provides protection for employees of public companies who report activity they consider illegal and unethical. According to the complaint, Wells Fargo enlisted Bolanis's help in March 2010 out of concern that Sargent was placing his elderly clients in risky investments, including thinly traded penny and micro-cap stocks. In her complaint, Bolanis alleges the company used her information to identify 65 instances where investors over the age of 65 had unsuitable positions. Bolanis also said she informed the firm of alleged compliance violations, such as Sargent buying prohibited securities and having employees intimidate clients on the phone. She said Wells Fargo gave Sargent one year to adjust the accounts, but failed to follow up. In the following months, Bolanis continued to inform the company of Sargent's activity, most notably suspected insider trading, according to the suit. Before being let go, Bolanis said, she pleaded with Wells Fargo to address alleged acts of retaliation, including exclusion from client meetings, defamation and having accounts given away. The company, according to the complaint, eventually scheduled mediation that proved unsuccessful. [Suprise!) WELLS FARGO YOU ARE SUCH COLOSSAL ASSES.   MAKE RECOMPENSE TO BOLANIS. YOUR EMPLOYEE HELPS YOU, AND WHAT YOU DO?

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