The right to work and debarment in the financial market
It is troubling in a constitutional democracy that laws exist allowing people be deprived of their livelihoods without any inquiry at all
Who in their right mind would believe there is a law on our statute books which is interpreted and applied in such a way that it makes it possible for an employer to deprive an employee, without the due process of law and without any proper inquiry, indeed any inquiry at all, of their livelihood nationwide and without any demonstrable knowledge of the legal requirements? Once the employee is debarred in this way from working, the only means left for them to regain employment is to approach the courts at enormous personal cost and risk. Such a system has no place on the statute book. It is outrageous and should evoke a great sense of injustice and anger within any normal person. How did this situation become possible? The withdrawal, with immediate effect, of the guideline on the determination of reappointment of debarred representatives (July 13 2011) announced by the Financial Services Board (FSB), the regulator, on October 20 2017, has highlighted the existence of this questionabl...
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