• Morgan Stanley Pays After Investment Advisory Arbitration

    “Morgan Stanley wants to have its cake and eat it, too,” Mr. Marrs said. “When the wheels come off, you want to repudiate the investment-advisory nature of the account. Now, all of the sudden, it is a de facto brokerage…
  • RECENT INSURANCE BAD-FAITH CASE (2017)

    Victoria White v. Safeway Insurance Company (New Mexico Second Judicial District Case No. D-202-CV-2011-05632)   My grandmother used to have a folksy saying when we were growing up:  “Don’t let a little hangnail turn into an ingrown toe!”  By that,…
  • Protocol Cracking, Breakaway Path Remains Rock Solid

    More than 1,600 securities firms are party to the Protocol, the set of recruiting and transition rules established in 2004 designed to alleviate a large number of recruiting and breakaway lawsuits and arbitration claims. Under the Protocol, departing brokers are…
  • Kokesh, SEC case to be heard before Supreme Court

    On Tuesday April 18, Kokesh v. Securities and Exchange Commission, a case litigated by Clinton Marrs, will be heard before U.S. Supreme Court. At issue is whether the SEC’s reach in collecting reimbursements for security crimes should be limited and…
  • Clinton Marrs in Reuters 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,…
  • Clinton Marrs featured in Article from RIABiz on Schwab Dispute

    Clinton Marr’s was quoted in this article about disputes between Charles Schwab and departing brokers. After a recent case in which the Charles Schwab & Co. Inc. aggressively pursued one of its own advisors who went independent, industry insiders are…