Both cases underscore an ongoing legal effort of J.P. Morgan to defend its flanks when departing brokers and follow a raft of similar cases this year.
The firm raised “serious questions” about the broker’s conduct but failed to meet the burden for the “extraordinary remedy” of a temporary restraining order, a federal judge found.
Oregon broker said that he is being defamed in social media posts by a retired advisor and his wife and that the campaign is coordinated with Morgan Stanley’s TRO filing.
The wirehouse is seeking a restraining order and claims that the broker, in addition to “diverting” income by miscoding trades, is jeopardizing a retired brokers’ income by taking clients to D.A. Davidson.
It’s at least the second time in less than a month that UBS has sought to handcuff advisors who bolted.
Former JPMorgan Chase bank-based broker acceded to his former firm’s customer contact block but did not admit wrongdoing.
A federal judge granted Morgan Stanley’s motion to block the RBC group from soliciting their former clients and denied the brokers’ counterclaim.
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.
New Jersey advisors “flagrantly” violated their employment agreements by calling former clients and using confidential information, wirehouse says in new lawsuit.
Firm requested more than $938,000 from New Jersey broker it accused of taking confidential data in breach of his employment contract, and was awarded $5,500.
Alleges that six-broker team in Illinois that joined Stifel two months ago lied about their possession of client-contact data—violating their employment contracts and their new firm’s “Non-Protocol Transition Guide.”