Lawsuits Readied as Divided FTC Bans Non-Competes

Also, FDIC sets meeting on dueling asset manager proposals; DOL fiduciary rule released; a second suit filed on SEC dealer rule -- by the crypto industry

Say what you will about Lina Khan (and her critics have said a ton), but the lightning-rod FTC chair is not afraid of a fight – or a lawsuit. 

That is surely what’s in store for the agency in the wake of its decision today to ban non-compete clauses for all U.S. workers. The final rule, adopted on a 3-2 party line vote, has huge implications for financia…