Arvindh Rao, Executive Assistant of the Objectivist Party of New York, resigned from that position and as a member of the Objectivist Party on June 7, 2009 citing "legal and compliance reasons" associated with his new job in the Financial Services Industry.
In an e-mail received by Dr. Tom Stevens, Chair of the Objectivist Party, on June 7, 2009, Mr. Rao wrote the following:
I begin my job tomorrow in the Financial Services Industry and due to legal and compliance reasons, I am no longer able to serve as executive assistant for the Objectivist Party - NY. I'm really sorry, I was hoping to serve but with deep regrets I have to resign. Please accept this as my resignation both from my position as well as the party.
Dr. Stevens respected the request of Arvindh Rao and immediately processed his resignation both as Executive Assistant of the Objectivist Party of New York and as a member of the Objectivist Party. However, Dr. Stevens told Mr. Rao he was "unaware of any 'legal and compliance reasons' in the Financial Services Industry that would require employees in that industry to resign as members of a political party". While that may be the case, he stated, "it is hard to believe that employees would be asked to end their affiliation as members of the Republican Party, the Democratic Party or any other political party for that matter".
Arvindh Rao joined the Objectivist Party on July 19, 2008. He was appointed to the position of Executive Assistant of the Objectivist Party of New York on May 1, 2009. His resignation from the position of Executive Assistant and as a member of the Objectivist Party became effective June 7, 2009.
The Objectivist Party wishes Arvindh Rao well in his future endeavors.
Dr. Tom Stevens