Legal Question in Banking Law in Georgia
Employer investment accounts
If you are an employee of a bank, can the bank legally require you to transfer all of your investment accounts (mutual funds, money market, etc.) over to them and terminate you if you do not?
Asked on 8/15/07, 7:40 pm
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Employer investment accounts
Unless you have a contract stating otherwise, employment is generally "at will" and employees can be terminated for any or no reason (with few exceptions not raised in your post). You can choose to accept or decline the conditions of employment.
Answered on 8/16/07, 8:35 am
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