Employment tribunal orders reinstatement of dismissed trader

An employment tribunal has determined an application for reinstatement in Bradley Jones v JP Morgan Securities plc  in favour of the applicant. Mr Jones was a financial analyst and cash equities trader employed by JPM who was found to have been unfairly dismissed. As part of his reference to the Tribunal seeing to be reinstated or reengaged, he contended that he would not get a job elsewhere because, among other reasons, JPM would have provided a negative regulatory reference for him. One point made in arguments was that FCA would be unlikely to take any regulatory action against the firm for reemploying someone it had previously deemed not to be fit and proper, when the reemployment would be “making right” the unfair dismissal. Watch this space for a detailed analysis of the case from our employment team.