Attorney Matt Baum breaks down the facts on the latest FTC noncompete rule, the potential impact on an advisor’s business, current agreements, the ability to transition and more.
The Federal Trade Commission's move to outlaw these clauses in contracts could affect millions of Americans. But litigation against the ban is already in motion.
The brokerage regulator argued the firm’s automated process for approving options traders on its self-directed platform missed instances where clients submitted applications with conflicting information.
