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Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule
A growing sentiment against restricting employee moves could affect non-solicitation, too.
FTC faces legal backlash following noncompete rule
The regulator’s motion to restrict noncompete agreements has drawn an immediate reaction from business groups and financial industry stakeholders.
Former Celsius CEO charged with fraud in latest DOJ crypto case
The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.
Whose clients are they, anyway?
Perhaps the reality is that neither firms nor advisors truly 'own' clients but rather are lessees of clients.
FTC proposes ban on noncompete contracts
The proposal would bar employers from entering into or enforcing such clauses and require companies to nullify any existing ones within six months.
Supreme Court hearing arguments to allow challenges to SEC, FTC
The justices are considering whether those facing agency claims can go straight to federal court with constitutional challenges — including attacks on the use of in-house judges to handle cases.