Fingerprinting ... in the Financial Industry???
Computershare Trust Company of Canada, a Transfer Agent for securities, requires ALL EMPLOYEES to provide their finger prints!!!
Never heard this crap before.
As to my knowledge, these employees deal with physical stock certificates. Why fingerprint these employees?????
I would figure that the bank employees (ie. tellers or any other individuals dealing with cash directly) should be fingerprinted instead of these people.
This company is Australian owned.
They agree that the fingerprints would be destroyed if an employee leaves. But why this procedure? All employees must go through a Criminal Record check before being hired. If someone has a Criminal Record ... he/she would not be hired at all! Fingerprints are for people who have committed a crime and therefore would have a Criminal Record.
What the HELL is this company doing???
The other Canadian Transfer Agents (CIBC Mellon, Equity Transfer Services, National Bank of Canada, Pacific Corporate Trust Company, Valiant Trust Company, and Olympia Trust Company) do not require fingerprinting of employees.
The ONLY ONE ... COMPUTERSHARE!!!
No where in IDA and OSC rules and regulations requires employees to provide fingerprints.
Is Computershare violating human rights??? I think so!!!
BTW, they "fired" four employees on the grounds of declining to provide fingerprints.
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