No Integrity List: Vanguard, FINRA
February 08, 2024
By
Roy Philipose
I first applied to Vanguard in 1998. Finally, after 24 years and 10 tries, I was hired for the entry-level brokerage role in July 2022.
While I was at Vanguard, I helped out thousands of clients and not one was ever harmed by me.
In August 2023, Vanguard contacted me regarding
A/X Growth (my investment management simulation). I told them it wasn't a business and there were no immediate plans to start one. I then updated my website for any potential compliance issues. There was no formal follow-up or questions, and I was terminated right after. This was a misunderstanding that went too far. I followed up with them multiple times but they did not care to respond. After I was terminated, I posted a response comment on
FINRA's Brokercheck.
For the record: There is no investment business, past or present, attached to A/X Growth.
I plan to start an investment business one day, but I am not sure when. All I can do is provide an estimate that I keep pushing back. My intention was to tell Vanguard about A/X Growth when I was ready to start the business.
It is 2024, there is no investment business and I am still not ready to launch. All I manage is a computer simulation because I don't get to manage money in the real world. I have been trying to work in the investment management field since 1998. If I could secure a wealth advisory position somewhere, I would probably settle for that.
In September 2023, FINRA contacted me regarding my potential investment business. I replied to their questions and stated there was no such business. I told them that if I was still employed at any firm, I would have sought approval first before starting any related business. I am not stupid. Finra sent me a questionnaire and just wasted my time.
Vanguard is a dangerous and irresponsible company to post lies and misinformation about me. They took action based on assumptions that were never verified. The wrongful termination has caused me hardship. Due to the posted Disclosure (negative information item), I am having difficulty securing employment at other investment firms. I want to post a Disclosure about them, but I am not allowed. I'm still seeking counsel to sue the company.
FINRA is a biased organization and has done nothing on my behalf. They listened to ignorant and incompetent people and became ignorant and incompetent themselves. They never followed up on my formal complaint. There is no appeal process for wrongful terminations and false disclosures posted by broker-dealers. I want to sue Finra too.
Vanguard is ignorant, unprofessional, unethical, and has no integrity. Vanguard owes me an apology and compensation of $500,000 plus interest.
- Benjamin Carr, Senior Manager
- Dena Bailly, HR Manager
- Compliance Department
FINRA is ignorant, unprofessional, and has no integrity. FINRA owes me an apology and compensation of $200,000 plus interest.
- Amy Mosho, Investigator
I have integrity; I can't speak for others.
Roy Philipose
____________
You have to look at the "hints and clues" that life gives you.
I have music to make.
© Roy Philipose 2024.