Merrill Lynch employee fired for mining crypto at home without informing employer

posted 12 months ago
In December 2017, a Merrill Lynch employee began legally mining crypto, however he did not provide written notice to his employer. As a registered general securities representative, he is contractually obligated to provide written notice of "any business activities."

In March 2018, the employee was fired for failing to provide written notice of his “business activity." Also, if he wishes to continue working in the finance field, that operates under FINRA regulation, he must pay a $5,000 fine, and take a 1 month suspension prior to working again.
Tags: bitcoin, blockchain, news