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Tuesday, April 21, 2026

Wells Fargo Workers Drop Wage Suit, Head to FINRA Arbitration - Bloomberg Law

Two Wells Fargo Clearing Services LLC client associates agreed to drop their wage-and-hour litigation and take their claims to a FINRA arbitrator instead, a federal judge in Missouri said Thursday.

Marcus D’Addio and Michael Silvestro accuse the financial services firm of not allowing them to report work hours beyond their scheduled shifts, even though they regularly work overtime. The workers must arbitrate their allegations before the Financial Industry Regulatory Authority, the US District Court for the Eastern District of Missouri said.