Ex-Morgan Stanley wealth chief sees ‘tug-of-war’ on Broker Protocol

On Wall Street

December 6, 2017
Louis Diamond Quoted
By Charles Paikert

Call it the Broker Protocol guessing game. Who’s in, who’s out and who’s next?

Recent wirehouse decisions to exit or stay in the protocol have left industry insiders reading the tea leaves to determine the accord’s fate.

Nonetheless, brokers remain anxious, said Louis Diamond, recruiter for Diamond Consultants. “They’re waiting to see what will happen,” Diamond said in an interview. “Getting a temporary restraining order is the biggest fear.”

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