U.S. Court of Appeals for the 9th Circuit
Apr. 11, 2013
Brokerages can require advisers to trade with the 'company store'
To deter insider trading, brokerage houses can keep their financial advisers on a short leash by forbidding them from opening outside securities accounts, a 9th U.S. Circuit Court of Appeals panel held Tuesday.
Daily Journal Staff Writer
To deter insider trading, brokerage houses can keep their financial advisers on a short leash by forbidding them from opening outside securities accounts, a 9th U.S. Circuit Court of Appeals panel held Tuesday.
The panel shot down an effort by the class action plaintiffs' bar to adopt for modern times California's Depression-era "forced patronage" law designed to keep bosses from orde...
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