Bank of America inherits Merrill gender issues

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A 16-year veteran of Merrill Lynch has sued the company, charging that she and other female brokers were discriminated against by Merrill management. Her suit, which seeks class action status, contends that female brokers were typically eligible for lower bonuses because of gender bias at Merrill that manifested itself in various ways; for example, the alleged practice of steering wealthier clients to males, notes Reuters.

The broker filing the suit is Jaime Goodman, who was "a top-quintile performer at Merrill, having been a $1 million producer for nearly a decade." She argues that she should have fared better and received a higher retention bonus in the wake of the Bank of America deal were it not for discriminatory practices. 

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