Two former employees of Strive Asset Management in Dublin, co-founded by Republican presidential candidate Vivek Ramaswamy, have filed suits against the firm, Ramaswamy and co-founder Anson Frericks, alleging among other things that the employees and other staff were pushed to violate federal securities laws.

Both employees were dismissed in March in what the company called a reorganizaton, their suits contend.

Strive Asset has declined comment on the lawsuits, and has filed a request seeking dismissal of the first lawsuit filed in June in Kansas by John Phillips, a former regional sales chief.

Phillips claims in his lawsuit that he left a good-paying job at JPMorgan Chase based on misrepresentations that the anti-"woke" investment firm was well-financed and that Ramaswamy planned to remain with the asset management firm.

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Ramaswamy's campaign has said Ramaswamy left his post as executive chairman earlier this year to pursue his presidential candidacy.

On Aug. 8, Joyce Rosely, who helped lead institutional sales, filed suit in Union County, New Jersey, saying she was fired because she raised concerns about violations of securities law at Strive and about sexual harassment.

The securities law violations, her lawsuit alleges, included sales materials that promised future returns, allowing employees not registered to make securities sales to clients, and Twitter posts by Ramaswamy that she contends were unlawful security sales.

In addition, Rosely alleges in her suit that her dismissal in the reorganization was the result of age discrimination.

jwilhelm@dispatch.com

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This article originally appeared on The Columbus Dispatch: Vivek Ramaswamy, GOP candidate from Columbus area, sued