PART ONE<\/p>\n
Control over client relationships has long been a battleground within the securities industry. Firms have increasingly sought to exercise control over any and all information regarding securities clients and their accounts. The utilization of restrictive employment agreements between firms and the investment professionals they employ has become so commonplace as to be almost universal throughout the industry. While many classify these agreements as simply \u201cnon-competes,\u201d there are usually multiple restrictive provisions in the same employment agreement that can have different effects on a former employee\u2019s ability to conduct future business. It is important for investment professionals to understand these different restrictions, and the potential effects each type of provision can have on their livelihoods.<\/p>\n
\u201cNon-Compete\u201d Provisions<\/p>\n
A non-competition provision restricts a former employee from the simple act of engaging in a similar business or activity as that of the former employer. For example, an agreement might state (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" PART ONE Control over client relationships has long been a battleground within the securities industry. Firms have increasingly sought to exercise control over any and all information regarding securities clients and their accounts. The utilization of restrictive employment agreements between…<\/span><\/p>\n