A breakaway UBS adviser who launched an RIA may have violated his non-solicitation agreements, but the firm’s grievances do not merit a restraining order, a federal judge has ruled.
The Swiss wirehouse lost its request for a preliminary injunction against Phil Fiore and the three other founders of Procyon Partners under a ruling Monday. Connecticut District Judge Victor Bolden denied UBS’ motion, citing no possible “irreparable harm” that would result without a court order.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access