Yes, a stockbroker who has worked more than 40 hours a week and is not receiving pay from their employer may be able to file an unpaid overtime lawsuit. Filing these types of lawsuits, particularly as a stockbroker, can be tricky due to the fact that not all stockbrokers are entitled to these benefits. It is important to consult with an experienced overtime pay lawyer if you believe you are entitled to benefits and are not receiving pay.
Based on the Fair Labor Standards Act, stockbrokers fall under the executive, administrative or professional exemption found at FLSA section 13(a)(1), which means you may be exempt from wages. However, it is important to remember that the determination of whether you are exempt under the law is not based upon your job title, but based upon your duties and responsibilities and payment method.
If you would like to discuss your case or concerns with one of our experienced attorneys, please call (855) 794-2795 for a Free Consultation or complete the Free Unpaid Overtime Case Review Form on this page. We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs to you unless we recover.