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Do employers generally seek to prevent their former employees from accepting employment with a competing RIA or broker-dealer firm?

April 26, 2017accepting broker-dealer Competing employees employers employment ria seek

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Do employers generally seek to prevent their former employees from accepting employment with a competing RIA or broker-dealer firm?

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Thomas Giachetti, Stark & Stark No. The vast majority of restrictive covenant agreements do not have non-competition provisions. Rather, they contain non-solicitation provisions preventing employees from soliciting former clients and colleagues to join them at their new RIA or broker-dealer firm.