When financial advisors switch employers, they can leave behind hefty sums in the form of deferred compensation, which their former employers consider they forfeited when they changed companies. Rogge Dunn recently spoke with Andrew Welsch from Barrons on recent legal action against Merrill Lynch.
“Merrill Lynch took millions of dollars my clients earned in commissions and locked them up in a deferred compensation plan containing a trapdoor,” Rogge Dunn, the lawyer representing the advisors at Dallas-based law firm Rogge Dunn Group, said in a statement.
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