Clinton Marrs Article on Schwab / Morgan Stanley Dispute
Clinton Marrs is quoted in this 2014 article from Reuters on a recruitment dispute from between Charles Schwap Corp. and Morgan Stanley. From the article:
Aug 26. Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information.
The ruling by a Financial Industry Regulatory Authority arbitration panel in San Francisco, dated Monday, ends a two-year-long dispute.
Schwab accused Morgan Stanley of maliciously organizing an “actionable raid” of the branch. Schwab also accused Morgan Stanley of inducing Schwab brokers to breach their contracts.