FINRA Is Accused of Age Discrimination in Suit by Former Analyst

A 54-year-old former analyst for the Financial Industry Regulatory Authority sued the agency over his termination, claiming that he was part of a layoff that unfairly targeted older workers.

Brian McIntyre, who worked in the self-regulator’s New York office, said FINRA mostly sought to terminate older workers in a September wave of firings after the agency lost a regulatory contract with the New York Stock Exchange in 2016. Although the workers were allowed to apply for other positions at the agency, most older workers including McIntyre weren’t rehired, he alleged.

FINRA, which primarily overseas licensed broker-dealers, hired younger employees to ...