Bank of America/Merrill Lynch Sued For Gender Discrimination

Investment News is reporting that Bank of America Merrill Lynch is on the receiving end of a gender discrimination class action. Three female financial advisors are alleging that the finanical institution discriminated against female registered employees with respect to account distributions, pay, and sales support. The plaintiffs are alleging that female registered employees were treated like "second class citizens". This is the latest class action lawsuit to be filed against a financial services business. And, comes on the heels of a number of multi-million dollar settlements of similar class action claims. Bank of America, through a spokesperson, denies it has done anything improper.