UBS Announces that its Brokers Must Sign a 12-Month Non-Solicitation Agreement

Posted on February 26th, 2018 at 2:36 PM
UBS Announces that its Brokers Must Sign a 12-Month Non-Solicitation Agreement

From the Desk of Jim Eccleston at Eccleston Law LLC:

UBS Financial Services has announced that its nearly 7000 brokers will be required to sign a 12-month non-solicit agreement if they want to receive their 2017 bonuses.

UBS, which became the second wirehouse to exist the Broker Protocol late last year, has stepped up restrictions on brokers who might want to leave the firm and “solicit” customers to join them.

According to UBS, “solicit” means the broker will not initiate any communication of any kind to encourage a customer to transfer their accounts to the broker’s new employer.

The attorneys at Eccleston Law consult financial advisors considering a transition, negotiate transition agreements, and defend reps when firms file lawsuits and arbitration claims.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston

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Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.


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