This article in AdvisorHub discusses a recent Massachusetts court decision “refus[ing] to modify or vacate a Finra arbitration panel’s award of $1.6 million in compensatory damages, more than $83,000 in costs and almost $411,000 in attorneys’ fees to four Boston brokers who joined UBS five years ago.”
As the article explains, “Credit Suisse has lost another attempt to overturn an arbitration decision awarding millions of dollars in deferred compensation and fees to brokers who defied its plan to have them join Wells Fargo Advisors after the Swiss bank’s 2015 decision to close its U.S. brokerage business.”
