Maurice Wutscher’s Brady Hermann Quoted About Investment Bank’s Suits Against Defector Brokerage Teams

Nov. 17, 2021 ­— Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article about an investment bank seeking injunctions in New York state court against brokers leaving to join rival firms.

“If [the bank] has gotten the impression that firms are ‘continuously poaching’ its advisors, it’s predictable that the bank would seek to ‘send a message,'” Mr. Hermann told AdvisorHub. “It also sends a warning to [its] other . . . brokers that, ‘You’ve got to be careful about switching.’”

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.