Already a subscriber?Ord Minnett sacked a broking director for allegedly making up that senior leadership expected him to sell his house to pay the firm’s ASIC penalty for breaching share buyback rules.
The watchdog at the time said the breach of market integrity rules was a genuine error but that the firm did not have adequate internal controls to prevent the breaches. Over the next five months, Mr Wylie would take sick leave and annual leave and provide medical certificates saying he could work at home but not in the office.
Ord Minnett’s human resources head also rejected Mr Wylie’s alleged excuse that his anxiety had altered his perception as there was “no medical evidence” to support it and accused Mr Wylie of seeking to show himself as a “pariah” or “scapegoat” to the doctor.
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