Female Financial Advisers 27% More Likely to Lose Their Job at Wells Fargo

A new study reveals, female employees who engage in misconduct at Wells Fargo Advisors are 27% more likely than their male counterparts to have lost their jobs.

Wells Fargo Advisors had the highest rate of female workers leaving among the 44 firms studied between 2005 and 2015, as mentioned in CNN Money. It was followed closely by A.G. Edwards, which is also a division of Wells Fargo. The researchers connected the dots and concluded the employees were often leaving because they were fired.

“The financial industry is willing to give male advisers a second chance, while female advisers are likely to be cast from the industry,” wrote professors Mark Egan of the University of Minnesota, Gregor Matvos from the University of Chicago and Stanford’s Amit Seru.