But that progress came before this current #MeToo wave. It came before shareholders flexed their legal muscles in this new environment with the $90 million settlement with 21
stCentury Fox late last year. It came before allegations of "decades-long" sexual harassment against Steve Wynn surfaced Friday and sent Wynn shares reeling.
Now, Wall Street could be dealing with investors who never even visited a trading desk demanding some kind of financial payment connected to an inner-office sex scandal.
The Tirschwell case may take years to run its course. Many of the biggest harassment lawsuits against Wall Street firms drag on forever. But if her case encourages more women and their firms' investors to step forward, Wall Street isn't just standing on shifting ground, it's atop an earthquake.
Commentary by Jake Novak, CNBC.com senior columnist. Follow him on Twitter @jakejakeny.
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Correction: This article was updated to remove a reference to Harold Ford.