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https://www.barrons.com/advisor/articles/wells-fargo-wins-3-million-award-in-breakaway-ria-case-fa3f48ea

Wells Fargo Wins $3 Million Award in Breakaway RIA Case

By
Andrew Welsch
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A Finra arbitration panel ordered registered investment advisory firm DayMark Wealth Partners and some of its employees to pay a combined $3 million to Wells Fargo, which accused them of unfair competition and breach of contract.

Wells Fargo’s allegations were related to what the company said was the employees’ coordinated departure to join DayMark and compete against Wells Fargo, according to the arbitration award issued March 13. Wells Fargo also alleged that some of the individual respondents owed money to Wells under outstanding...

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