RayJay Broker Who Jumped from JPMorgan Wins a Non-Solicit Battle

An arbitration panel has turned down J.P. Morgan Securities’ request to permanently enjoin a former bank-based broker in Indiana from contacting his former clients from his new berth at Raymond James Financial’s employee channel. The decision supersedes a temporary restraining order that a federal judge in the southern district of Indiana imposed against Erik Weiss in November after J.P. Morgan argued that the broker was aggressively soliciting clients in violation of his employment contracts. Judge Tanya Walton Pratt had ordered Weiss and J.P. Morgan to resolve the bank’s request for a permanent injunction and monetary damages in Finra arbitration…READ MORE