Dec. 12, 2022 — Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article about a former in-house counsel’s attempt to compel arbitration of a brokerage firm’s claims against him regarding his move to a competing register investment advisor and the possible effect the decision could have on other employees going forward.
Mr. Hermann said the lawyer will likely fail on this argument as the Financial Industry Regulatory Authority didn’t intend for “disputes between employees in [his] position to be subject to mandatory arbitration.”
Brady Hermann is senior counsel in the Boston and New York offices of Maurice Wutscher LLP. He regularly represents financial services companies including banks, broker-dealers, financial advisors, financial asset buyers and third party debt collectors in individual, class action and regulatory matters. He has successfully represented clients throughout the country against claims for violations of securities laws, the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, the Fair Credit Reporting Act, and various state consumer protection statutes.