Edward Jones Sues To Stop Fired Advisor From Taking ‘Five-Star’ Clients
Jacqueline Sergeant reports:
Edward Jones is seeking a temporary restraining order and injunctive relief in federal court against a former financial advisor who the company alleged stole confidential and trade secret information of “five-star” clients prior to his termination.
The complaint, filed in the U.S. District Court for the Central District of Illinois on January 26, is requesting that the court require Cory Clem to return all Edward Jones confidential and trade secret client information in his possession, cease from directly or indirectly soliciting Edward Jones clients, and cease contacting Edward Jones employees.
Read more at Financial Advisor. Clem reportedly did not respond to inquiries from FA for a response to the allegations, but a partial statement from his counsel is cited in the news story.