JPMorgan Chase & Co. has reached an agreement with a former broker accused of violating his employment contracts with the bank, AdvisorHub reports. JPMorgan's broker-dealer, J.P. Morgan Securities, had filed suit last month asking a federal court in Texas to issue...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Firm Transition
Former First Republic broker ordered to repay nearly $12 million in recruiting loans
An arbitration ruling calls for a former First Republic broker in Miami to repay nearly $12 million in outstanding recruiting loans he was given as part of a bonus agreement when he was hired by the bank, AdvisorHub reports. A Financial Industry Regulatory Authority...
Advisor joins Ampersand after managing $453 million in assets at UBS
A financial advisor with UBS Wealth Management USA has decided to join Ampersand Partners in Glen Allen, Virginia, AdvisorHub reports. Daniel G. Kleinschuster made the move along with two client associates and is calling his new practice Kleinschuster Wealth. ...
Summit adds ex-Merrill Lynch broker who managed $1.9 billion in assets
A transition was announced in the financial industry as New Jersey-based Summit Financial Holdings said it is adding a team of advisors that it recruited from Merrill Lynch, according to a report in AdvisorHub. Managing partner Richard J. McWhorter, along with client...
FTC ban on noncompete agreements will include financial services employees
On April 23, the Federal Trade Commission (FTC) approved a nationwide ban on new noncompete agreements on a 3-2 vote. Existing noncompete agreements will remain in force for senior executives once the rule goes into effect, but other existing noncompete agreements...
