Dec. 10, 2021 — Maurice Wutscher attorney Brady Hermann spoke to AdvisorHub recently about the Protocol for Broker Recruiting pact and the current state of broker recruitment.
The AdvisorHub article discusses the legal battles between brokers and their former employers over clients and the information brokers are taking to their new firms.
“They’re potentially taking information they shouldn’t be or wouldn’t have five years ago,” Mr. Hermann said. “It’s not the Wild West, but it’s just the rules aren’t as clear as they used to be as to how to do it.”
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.