NJ sustain CAP forfeiture
The NJ courts have sustained Citi/Smith Barney's position that the CAP program is NOT an illegal diversion of wages or an illegal forfeiture provision. To read the full case, visit:
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Thanks for the heads-up, Bill.
Not that it would ever apply to me, but if SB ever walked in my front door with a check for 5x my trailing 12, it would be nice to know.