A three-year-old pact among brokerage houses that outlines what customer information brokers can take when moving from one employer to another has cut employment litigation among brokerage shops. But some say the rules are too general and that brokerages are starting to seek court relief again.
Ted Levine of New York’s Wachtell, Lipton, Rosen & Katz helped Merrill Lynch & Co., the Smith Barney division of Citigroup Global Markets Inc. and UBS Financial Services Inc. establish the so-called Protocol for Broker Recruiting three years ago. Currently, about 30 companies are on board, including large and small industry players, Levine said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]