Ex-Morgan Stanley Advisor Says Co-Employee Proposed Honeypot Scheme


What You Have to Know

  • The male co-worker’s suggestion, because the advisor understood, was to make use of her appears to draw purchasers.
  • She contends {that a} poisonous work setting led her to resign in 2022.
  • The monetary providers firm denies the allegations.

A former Morgan Stanley monetary advisor has filed a discrimination and harassment lawsuit towards the agency, her male supervisor and a male colleague, alleging that the co-worker proposed operating a honeypot operation to draw purchasers, amongst different poisonous conduct.

Inside the first three months that they labored collectively, the colleague proposed to plaintiff  “that they run ‘operation honeypot,’ the place (she) and her different enticing feminine buddies would go to occasions with (his) ‘wealthy man buddies,’” the lawsuit filed final week in Superior Courtroom of New Jersey alleges.

She understood this to be a suggestion “that she ought to use her intercourse and her appears to ‘woo’ purchasers and or have interaction in quid professional quo to safe new purchasers,” the lawsuit contends.

Morgan Stanley employed Stewart as a monetary advisor in January 2019 and in October that yr promoted her to director of insurance coverage and planning; she additionally continued her work as a monetary advisor, in response to the criticism.

Unable to tolerate the allegedly discriminatory, hostile and retaliatory setting, she resigned in Might 2022, a transfer that Stewart describes as a constructive discharge.

When she was employed, Stewart reported on to Richard Maratea and was partnered with Evan Silverman in her advising enterprise, the lawsuit notes. Each males are defendants, together with Morgan Stanley Monetary Advisors and others. Morgan Stanley’s web site presently lists Maratea as department supervisor within the firm’s Mt. Laurel, New Jersey, workplace,

Maratea was accountable for implementing anti-discrimination and anti-retaliation insurance policies in reference to Stewart’s employment however “intentionally violated these duties,” she contends.

Quickly after she began working for Morgan Stanley, Stewart alleges, she realized that the defendants had misrepresented Silverman’s abilities, credentials and expertise, and he began to display a scarcity of professionalism towards and about her within the office.

Because of this, Stewart struggled to carry out her duties whereas additionally guaranteeing that Silverman’s work was being carried out correctly and in accordance with laws, the lawsuit contends.

Whereas she carried out her duties in a commendable method, Stewart “was subjected to demeaning feedback and harassing conduct” by Maratea and Silverman based mostly on her gender, she alleges.

When Stewart alerted Maratea to her points with Silverman on numerous events in 2019 and 2020, Maratea was dismissive and made repeated references to his and Silverman’s perception that she was distracted from her work, the go well with contends.

Maratea additionally indicated that he didn’t imagine the agency had gotten its cash’s price from her contemplating cash expended defending Stewart in litigation together with her prior employer, and that Silverman “was carrying the load of their partnership,” she alleges.

Silverman continued to interact in discriminatory or disparaging remarks about Stewart, together with discussing her relationship life and prior marriage with different males within the office and referring to her as “Feminine Monetary Advisor” or “sexual harassment panda,” a reference to a personality on the TV present “South Park,” she alleges.

As well as, Stewart contends that Silverman shared her private info together with her former boyfriend, main her to grow to be a sufferer of dwelling invasion and a number of other violent assaults by that ex-boyfriend and having to hunt a restraining order, in response to the lawsuit.


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