![]() Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). In addition, in some states, unpaid interns who do not qualify as employees may still have legal protections from discrimination, harassment and retaliation in the workplace, Rasnick noted.Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). "That business will still probably want to extend the same sort of meal breaks or rest breaks because you don't necessarily want to alienate those individuals," he said. She also urged companies to make sure they don't fill open employee positions with interns.įor unpaid interns, meal and rest breaks might not be mandated, but Ruzal said employers should consider offering them anyway. Rasnick recommended that employers tailor the duties interns perform so they are more akin to job-shadowing projects, rather than substantive work. "This exclusion from the definition of employment is necessarily quite narrow because the FLSA's definition of 'employ' is very broad," he explained.Ĭompanies can also choose to pay interns even when they're not legally required to do so. However, Cascone noted there's an exception for those who meet the primary beneficiary test. The FLSA "defines the term 'employ' very broadly as including to 'suffer or permit to work,' " said John Cascone, senior vice president of Flex HR, an HR outsourcing firm in Johns Creek, Ga. "Employers should consider whether the work being done by interns is similar or the same as work that is generally done by paid employees." "In general, internships at private, for-profit organizations must be paid if the employer, rather than the intern, is the primary beneficiary of the program," said Epstein Becker Green attorney Lauri Rasnick.
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