Tr?id=566623520170033&ev=PageView&noscript=1

Federal Judge Restrains Raymond James from Soliciting Former TD Bank Clients

Posted on June 28th, 2024 at 11:04 AM
Federal Judge Restrains Raymond James from Soliciting Former TD Bank Clients

From the desk of Jim Eccleston at Eccleston Law

A federal judge has issued a restraining order against two Raymond James advisors, preventing them from contacting their former clients at TD Bank. As reported by Financial Planning, the decision stems from allegations that the advisors violated a non-solicitation agreement by transferring millions in client assets from TD Bank to Raymond James.

In a controversial move, the judge extended the restraining order to encompass all of Raymond James Financial Services, not just the two advisors directly involved. Raymond James argues that this broader restraining order is "grossly overbroad" and significantly impacts their business operations.

The case highlights the legal complexities and challenges surrounding non-solicitation agreements in the financial services industry. The court’s decision underscores the importance of seeking competent legal advice.

According to Financial Planning, Raymond James is expected to continue challenging the scope of the restraining order.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I am grateful to have found an outstanding law firm that specializes in securities matters. My lawyers were extremely knowledgeable, diligent, and are skilled litigators. No stone was left upturned. As a result of their experience and tenacity, the arbitration proceeding was dismissed in my favor.

Michael E.

LATEST NEWS AND ARTICLES

1777047237 Law
April 24, 2026
Geopolitical Tensions Prompt Wealth Advisors to Rethink Dubai Strategies

Recent geopolitical developments have forced wealth advisors to reassess client exposure to Dubai, a jurisdiction that has attracted significant ultra-high-net-worth capital over the past decade.

1776963542 Law
April 23, 2026
Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

Advisor movement across the wealth management industry accelerated sharply in 2025, with 11,172 experienced financial advisors changing firms, according to reporting by Wealth Management citing the latest Advisor Transition Report from Diamond Consultants.

1776796402 Law
April 21, 2026
DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

The U.S.