Wall Street Has Been Noticeably Quiet About FTC's Proposed Ban of Non-Competes
Also, CFPB continues its clamp down on non-banks; People moves at House Financial Services, regulatory agencies and trade associations
Wall Street and its lobbying operations are grappling over how to deal with the Federal Trade Commission’s recent proposal to ban non-compete clauses. The rule’s impact could be broad for financial firms, which routinely use the agreements to keep talent locked up – especially the high earners and top executives. Many brokers are also subject to the res…
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