Employment Law
Morgan Stanley Pushes Out Chairman’s Club Broker in Boca Raton
Richard Altieri, who had been managing $953 million, according to Barron’s, left under pressure this week after more than three decades at Morgan Stanley and its Smith Barney predecessor.
J.P. Morgan Seeks to Handcuff Broker who Joined Merrill Lynch
A New Jersey broker who worked for nine years at a bank branch draws a lawsuit from his former employer after attracting $4 million of client assets to his new posting at Merrill Lynch.
Arbitrator Grants Ex-Merrill Bank Broker’s Expungement, Calls Firing ‘Reckless’
A sole public arbitrator granted the former advisor’s request for expungement and said Merrill defamed the broker by not looking into the allegations behind a customer complaint before issuing the termination.
Morgan Stanley Prevails in TRO Standoff with $6-Mln RBC Team
A federal judge granted Morgan Stanley’s motion to block the RBC group from soliciting their former clients and denied the brokers’ counterclaim.
RBC Team Seeks Tit-for-Tat Solicitation Halt Against Morgan Stanley
Princeton, NJ, advisors say Morgan Stanley is soliciting clients they brought with them when they moved from UBS in 2010, in violation of written and verbal agreements.
Morgan Stanley Sues $6 Million Team at RBC over Client Calls
New Jersey advisors “flagrantly” violated their employment agreements by calling former clients and using confidential information, wirehouse says in new lawsuit.
