Schwab Loses Advisor-Raiding Arbitration Against Morgan Stanley - Professional Financial Advisor

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Schwab Loses Advisor-Raiding Arbitration Against Morgan Stanley

Tuesday, Sep 02 2014

News Roundup

Written by PFA News

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Charles Schwab has lost a $15 million arbitration case that alleged Morgan Stanley improperly recruited advisors who held company trade secrets from its San Francisco office. So reports Financial Advisor.

A Financial Industry Regulatory Authority arbitration board rejected the claim, but nevertheless stipulated that Morgan Stanley must pay Schwab $72,000 for undisclosed reasons.

Read the full article from Financial Advisor.

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