A dispute between TD Bank and one of its former advisors who left to work for Raymond James will be decided by a Financial Industry Regulatory Authority arbitration panel, ThinkAdvisor reports. In a court complaint filed last month, TD Bank alleged that Adam Bracy,...
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Firm Transition
Arbitrators rule against Hightower Holdings’ effort to enforce non-compete agreement
An American Arbitration Association panel has ruled against Chicago-based Hightower Holdings in its efforts to enforce a non-compete agreement, according to WealthManagement.com. The matter involves one of the firm's former advisors, Lars Knudsen from Washington...
Judge denies Ameriprise bid for temporary restraining order against employees who left for rival
A federal judge in Arizona has issued a ruling against Ameriprise in its ongoing recruiting battle with rival broker LPL Financial, Wealth Management reports. U.S. District Judge Susan Brnovich denied Ameriprise's request for a temporary restraining order against...
Former broker for JPMorgan Chase barred from soliciting his customers for new firm
A former broker for JPMorgan Chase Bank will be barred from soliciting his prior customers for his new firm under an agreement approved by a New York state judge, AdvisorHub reports. The broker, Abhishek Vakil, moved to registered investment advisory firm Perennial...
Judge denies Wells Fargo’s bid for restraining order against former broker
Wells Fargo Advisors lost its bid for a temporary restraining order in a legal dispute with one of its former brokers, AdvisorHub reports. The broker, Elias S. Friedman, was fired by Wells Fargo in November after 23 years with the firm. Wells Fargo filed suit against...
