Morgan Stanley won the latest battle in its ongoing legal struggle with dozens of financial advisors who accuse the company of wrongly withholding millions in deferred compensation. The advisors, all ...
A putative class action suit filed in federal court in North Carolina late last month alleges Merrill owes Kelly D. Milligan, an advisor in Danville, California, $500,000 in deferred comp he earned ...
In big firms' fight to avoid paying deferred compensation to advisors who jump to rivals, much of the legal wrangling has centered on federal retirement law. Processing Content But another factor is ...
For participants in nonqualified deferred comp plans, year-end is the time to decide how much to squirrel away for retirement. The IRS just released the 2024 contribution limits on qualified ...
First Union Securities reps are enjoying an enhanced deferred compensation plan. The revamped program has been in place since Jan. 1, according to brokers. The firm changed its plan from an ...
Two former Morgan Stanley financial advisors on Friday won a $1.1 million arbitration award against their old firm that centered on who controlled valuable deferred compensation money, the firm or the ...
An arbitration panel has ordered Morgan Stanley to pay more than $3 million in back pay, fees and interest to seven of its ex-advisors in the Chicago area who said the company cheated them out of ...
Morgan Stanley must pay more than $3 million to a group of financial advisors who accused the company of wrongfully withholding their deferred compensation when they left to work elsewhere, an ...
In the New York Times, "Your Money" reporter Ron Lieber puts forth this hypothetical: "Here’s a nightmare for you: Imagine waking up one morning to discover that your employer is bankrupt and the ...
Smith Barney has increased the amount of deferred compensation it will award brokers. As part of the firm’s 2007 payout restructure, brokers who produce at least $300,000 a year will be given ...