In re the Claim of Barone

Appeal from a decision of the Unemployment Insurance Appeal Board, filed May 22, 2012, which ruled that claimant was disqualified from receiving unemployment insurance benefits because he voluntarily left his employment without good cause.

Claimant was hired by a small securities brokerage firm, specializing in executing trades for money managers and institutional investors, to obtain clients and expand the firm’s accounts. Under the terms of the retainer agreement, claimant was to be paid a draw of $7,000 for the month of February 2011 and a monthly commission of 45% on net commissions…