Thomas B. Lewis, Shareholder and Chair of Stark & Stark’s Employment Litigation group, was quoted in the December 2, 2008 Reuters.com article, Financial advisory firms sign pact to ease poaching. Mr. Lewis comments on the recent independent advisory firms who are rushing to sign an agreement that bars lawsuits between signatories that hire away each other’s brokers.
Mr. Lewis states that with the new agreement, also commonly referred to as broker recruitment protocol, registered investment adviser firms can now recruit with less fear of litigation from a major house with deep pockets.
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