Two Brokers Sued by Charles Schwab for Stealing Client Data

Posted on November 14th, 2014 at 9:47 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Charles Schwab and Co. Inc. filed a lawsuit against two former employees and a Florida advisory firm, alleging they stole client information and used it to solicit clients.

Ivan Sanabria and Gary Husel are former employees of Charles Schwab. They both voluntarily resigned from Schwab and went to work for Camelot Wealth Management in the same towns where they worked for Schwab.

Schwab alleges that around the time of his resignation, Sanabria accessed information on Schwab clients late at night and on weekends. Schwab also claims that Sanabria and Husel used the information to solicit high-net-worth clients for Camelot.

All Schwab employees are required to sign contracts agreeing not to take information from Schwab and agreeing not to contact Schwab clients for 18 months after they leave.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Camelot Wealth Management, Charles Schwab, Ivan Sanabria, Gary Husel, Charles Schwab and Co. Inc.

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