Tagged with "tro"

Morgan Stanley Seeks to Stop Two Departing Advisors from Transferring Inherited Accounts

Posted on May 9th, 2022 at 2:59 PM
Morgan Stanley Seeks to Stop Two Departing Advisors from Transferring Inherited Accounts

Morgan Stanley is seeking a temporary restraining order (TRO) in an effort to block two of its former New-Jersey based advisors from soliciting clients whom they inherited via the firm’s Former Advisor Program (FAP).

 
 

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Hightower Sues Two Advisors For Allegedly Poaching Clients

Posted on January 26th, 2022 at 11:42 AM
Hightower Sues Two Advisors For Allegedly Poaching Clients

Hightower Advisors has filed suit against two advisors for allegedly soliciting their clients to join them at their new firms.

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J.P. Morgan Seeks TRO Over Departing Advisor

Posted on January 17th, 2022 at 1:09 PM
J.P. Morgan Seeks TRO Over Departing Advisor

J.P. Morgan Chase’s brokerage business has requested that a Louisville, Kentucky, federal court issue a temporary restraining order (TRO) barring one of its former advisors from soliciting its clients.

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Judge Rejects J.P. Morgan Advisor’s Bid For TRO To Thwart Client Poaching

Posted on December 23rd, 2021 at 11:08 AM
Judge Rejects J.P. Morgan Advisor’s Bid For TRO To Thwart Client Poaching

A federal judge has rejected a former J.P. Morgan advisor’s unusual bid to halt private bankers at her prior firm from soliciting her clients in a “high-stakes” client poaching case.

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Morgan Stanley Alleges That Team “Betrayed” Former Partner in Move to J.P. Morgan

Posted on November 16th, 2021 at 10:49 AM
Morgan Stanley Alleges That Team “Betrayed” Former Partner in Move to J.P. Morgan

A New York state judge is considering whether to grant Morgan Stanley’s request for a temporary restraining order (TRO), which would bar two advisors from soliciting former clients at their new firm.

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Merrill Drops TRO Bid After RBC Team Returns iPads

Posted on June 23rd, 2021 at 12:08 PM
Merrill Drops TRO Bid After RBC Team Returns iPads

After filing for a TRO in early June, Merrill Lynch has elected to dismiss a federal lawsuit against a Maryland-based team that left for RBC Wealth Management.

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J.P. Morgan Seeks TRO Against Bank-Based Advisor

Posted on April 27th, 2021 at 9:35 AM
J.P.  Morgan Seeks TRO Against Bank-Based Advisor

J.P. Morgan Securities (J.P. Morgan) has asked the court to issue a temporary restraining order (“TRO”)  barring Gabriel Gomez from soliciting his clients and using customer contact information.

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SEC Charges Southern California Investment Adviser with Fraud

Posted on May 26th, 2020 at 3:07 PM
SEC Charges Southern California Investment Adviser with Fraud

The U.S. Securities and Exchange Commission announced that it had obtained a temporary restraining order (“TRO”) against Paul Horton Smith, Sr. in an effort to halt an on-going Ponzi scheme.  The SEC said that it also froze Smith’s assets. According to the SEC, Smith was running a Ponzi scheme that targeted senior citizens in Southern California. The SEC alleged that Smith used eGate, LLC, his investment advisory firm, and Planning Services, Inc., his insurance and estate planning company, to market securities in another one of his companies, Northstar Communications, LLC.

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Judge Relies on COVID Pandemic to Deny Motion for TRO Filed Against Brokers

Posted on May 20th, 2020 at 3:11 PM
Judge Relies on COVID Pandemic to Deny Motion for TRO Filed Against Brokers

A federal court judge in Florida denied Regions Bank’s motion to reinstate a temporary restraining order (“TRO”) filed against the bank’s former financial advisors, Michael Montalvo and Mauricio R. Cardenas.  Regions Bank sought a TRO in an effort to restrain Montalvo and Cardenas from soliciting former clients serviced at Regions Bank.

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In Unusual First, Broker Wins Temporary Restraining Order Against His Firm

Posted on May 5th, 2020 at 3:24 PM
In Unusual First, Broker Wins Temporary Restraining Order Against His Firm

Following his termination from Investacorp, Ian James sued the firm alleging that the firm engaged in deceptive and unfair trade practices, among several claims. According to James, Investacorp told him that he would be terminated “for cause” unless he sold his book of business to another representative at Investacorp. If he sold his book to the advisor selected by Investacorp, he would be allowed to resign. According to James, the price that he was offered to sell his book of business as part of this deal was far below market value.

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