Former NY Fed bank examiner files retaliation claim
Claims firing resulted from refusal to change Goldman Sachs findings
A former senior bank examiner for the Federal Reserve Bank of New York is suing her ex-employer, alleging she was fired for refusing to change her findings on Goldman Sachs (GS). The examiner concluded that Goldman lacked a firmwide conflicts-of-interest policy, Bloomberg reports. Here's more from the publication:
Carmen Segarra, 41, said in a lawsuit filed yesterday in Manhattan federal court that she examined the legal and compliance divisions of Goldman Sachs in late 2011 and early 2012 and found that they lacked a policy that conformed with federal banking regulations. She alleges she was fired because she refused to withdraw her findings.
“Defendants repeatedly obstructed and interfered with Carmen’s examination of Goldman over several months,” according to the complaint. “Finally, in May 2012, defendants directed Carmen to change the findings of her examination. Carmen refused. Because Carmen refused to change her findings, defendants terminated her three business days later, on May 23, 2012.”