A new trial has been ordered by a federal appeals court in a whistleblower case involving a former UBS AG strategist, according to a report by Financial Advisor. The 2nd U.S. Circuit Court of Appeals in Manhattan overturned a 2017 jury verdict that had gone in favor...
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Firm Transition
Morgan sues former advisors over alleged poaching of clients
J.P. Morgan Securities has gone to court to stop incidents of client poaching by some of its former advisors, according to Financial Advisor. In one case, the firm filed a lawsuit in federal court against David M. Anderson, who resigned from J.P. Morgan in June and...
Former Vanguard advisor accused of poaching clients in violation of agreement
A former advisor for Vanguard Group is facing a lawsuit over allegations he violated a nonsolicitation agreement by recruiting some of his former clients, Financial Advisor reports. Vanguard filed suit in the U.S. District Court for the Western District of North...
Ex-Edward Jones broker wins bid to have termination filing cleared from record
A former broker for Edward Jones has won a request to have the circumstances surrounding his departure revised on his record, reports AdvisorHub. A Financial Industry Regulatory Authority arbitration panel issued an award in favor of the expungement request of Michael...
Ex-broker ordered to pay back UBS $2.3 million but U5 language will be revised
A former broker for UBS was ordered to pay the firm back over $2.3 million but also had the language on his U5 termination form revised, AdvisorHub reports. A Financial Industry Regulatory Authority arbitration panel issued the ruling last month in the case of Bruce...