Clinton Marrs Article on Schwab / Morgan Stanley Dispute (2014)

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.

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