|
|
Article: A.G. Edwards suing over broker defections; Firm's live-and-let-live attitude toward departing brokers may be a thing of the past.(News)
- Article from:
- Investment News
- Article date:
- September 17, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Dan Jamieson
The escalating battle between A.G. Edwards & Sons Inc. and Stifel Financial Corp is now in the courts.
The conflict was sparked Aug. 23 when John Lee, A.G. Edwards' Western regional manager, left for Stifel, where he is now senior vice president and managing director. Both companies are based in St. Louis.
In an unusual move for A.G. Edwards, it sued Mr. Lee late last month.
Meanwhile, in a separate case, A.G. Edwards this month sued Terrence McCreanor, former manager of its Marco Island, Fla., branch, and three former reps there - William Coen, Stephen Macko and John Stollmeyer - after they went to New York-based ...