Monday, February 23, 2015

Bank of America chips away at brokerage industry truce

NEW YORK (Reuters) - For the last decade, Wall Street brokerages have had a pact not to sue brokers that leave their firms and try to take clients with them. Now Bank of America BAC.N Merrill Lynch, one of the founding signers of the truce, is taking steps to erode the agreement, industry lawyers say.






from Reuters: Most Read Articles http://ift.tt/17M14iJ http://www.reuters.com

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