Howard Diamond Quoted
By William Sprouse
A FINRA arbitration panel ruled a Wells Fargo adviser and the wirehouse liable for $1.1 million in damages over allegations he stole client data from UBS.
Howard Diamond, managing director and general counsel with adviser recruiting firm Diamond Consultants, says the number of disputes between advisers and their former employers has fallen since the protocol was enacted in 2004. However, conflicts still arise.
“They’re more common than they should be, unfortunately,” Diamond says.
