A lawsuit has been filed and is seeking class action status against the brokerage for allegedly having a strong corporate culture that is biased against women. The suit was filed in US District Court in Chicago and claims Raymond James Financial denied female employees promotions they earned, based on their age, gender, and race.
The lawsuit was filed on behalf of female current and former employees and alleges Raymond James maintains stereotypical views about the skills, abilities, and potential of women that form the basis of personnel decisions.
