Wall Street's Non-Compete Problem: Doctors Backing FTC Ban Rip Private Equity
Also, bipartisan opposition to SEC's 'swing pricing' rule intensifies; Finra report shows pandemic-induced influx of new investors isn't slowing down
Some of the leading trade groups for brokers and hedge funds have pushed back on the FTC’s proposed ban on non-compete clauses, even as finance industry employees have expressed strong support for the rule. But the firms that seem to have most enraged workers about the employment agreements – private equity shops – have largely kept their heads down.
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