September 15, 2013
The Vanguard Group has recently dismissed a whistleblower who recently publically commented about flaws in the company’s client account security.
According to the public database of stockbroker records kept by The Financial Industry Regulatory Authority, or FINRA, Karen Brock, a client relationship administrator in Vanguard’s Scottsdale, Ariz., office, is no longer employed by Vanguard or registered as a broker.
FINRA’s public records said nothing about the reason for Brock’s termination. But an unredacted version of her records supplied by a state securities regulator said that she had been discharged for “violation of Vanguard’s Professional Conduct Policy.”
The state records said that her last day at Vanguard was Aug. 27, 2015. Brock said in an interview that she was on family medical leave when she was fired.