Scotiabank Fires Analysts Amid Personal-Trading Policy Breach Allegations
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Scotiabank Fires Analysts Amid Personal-Trading Policy Breach Allegations

Scotiabank fired two analysts, Michael and George Doumet, for allegedly breaching the bank's personal-trading policy. The brothers claim in a lawsuit they were unjustly dismissed and treated "cavalierly." The bank stated in court filings that the firings were due to policy violations, including personal trading rules. An internal complaint alleged Michael Doumet frequently traded a specific small-cap stock and communicated with its CFO, according to court documents.

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