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by Mike Caswell

Ventum Financial Corp. denies that it owes anything to Jeremiah Katz, a former vice-president who is suing for wrongful dismissal. Mr. Katz claims that Ventum effectively fired him from his $200,000-per-year job by demoting him and lowering his pay, but Ventum says that was not the case. Mr. Katz's new position would have included the same pay or better and would have "enhanced his reputation within the financial services industry," the firm says.

The denials from Ventum come in response to a $5.4-million lawsuit that Mr. Katz filed on June 2, 2025. He said that he left Ventum after the firm attempted to change his job to that of the firm's non-executive vice-chair. He had previously been the senior vice-president, managing director, co-head of capital markets.

According to Mr. Katz, the job change took away the 70 employees that he oversaw and removed him from bonus pools and other salary top-ups. These extras added at least $250,000 per year to his $200,000-per-year salary, he complained. As he saw things, the actions of Ventum amounted to wrongful termination, and he sought damages for breach of his employment agreement, among other things.

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