When will BofA join The Protocol?
Despite indications that it would join The Broker Protocol last year when it acquired Merrill Lynch, BofA has yet do so. The Protocol, which has been frequently discussed in this blog, allows departing brokers/advisors leaving a firm to avoid claims for breach of non-compete or non-solicit agreements.
A Merrill Lynch spokesman has indicated that Merrill is a member of the Protocol and anticipates Bank of America Investment Services will join the Protocol in the future, but there is no date that is certain.
There are approximately 300 members of the Protocol. As long as Bank of America does not participate it retains the right to sue departing brokers or financial advisors for violation of non-compete or non-solicitation agreements.
 
             It’s amazing what people will put in their emails, even after they have been warned by their lawyers.  There have been a number of cases I have been involved in where an employer has been able to access emails from an employee’s web-based hotmail account that show he or she is actively violating a non-compete or even sending work to a competitor.  The question is, can an employer access an employee’s web-based email?
It’s amazing what people will put in their emails, even after they have been warned by their lawyers.  There have been a number of cases I have been involved in where an employer has been able to access emails from an employee’s web-based hotmail account that show he or she is actively violating a non-compete or even sending work to a competitor.  The question is, can an employer access an employee’s web-based email?

