Former Wells Fargo FX trading head sues for wrongful termination
Simon Fowles claims he was fired days before he intended to alert regulators of a payment-incentive plan that fostered greed
Simon Fowles, a former head of foreign exchange trading at Wells Fargo, is suing the bank for wrongful termination, claiming his bosses fired him last October after he told them of his plans to notify regulators of an allegedly unethical compensation scheme.
Fowles joined Wells Fargo in 1996, was promoted to head of FX trading in San Francisco, California two years later, and also served as executive vice-president. He managed a team of 65 traders globally.
The senior manager was one of four
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