Estimated reading time: 0 minutes, 29 seconds

Ex-Credit Suisse Brokers Rack Up Another Win Against Firm

Former brokers at Credit Suisse Securities recently scored another win against their old firm. So reports Investment News.

dollar 3706548 640 smallThis case was about deferred compensation and stemmed from the firm’s October 2015 decision to close its U.S. private banking business. In the case, FINRA arbitrators said Credit Suisse must pay seven onetime brokers about $6.4 million. That covered damages, costs and attorneys’ fees.

The arbitrators also ordered Credit Suisse to pay 10% annual interest from the time each of the brokers left the firm in late 2015. That raised the total award to about $10 million.

Read the full article from Investment News.

Read 423 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.