In Focus

January 18, 2010

anks rolling through Poland" is the way one branch manager described Bank of America's "takeover" of Merrill Lynch. In this kind of "ethnic cleansing", Bank of America's brass is making sure that Merrill reps know it is "our way or the highway".

For those reps (at Merrill or elsewhere) choosing the "highway", we can help protect you in the transition. For example, we protect your reputation as reflected on the Form U-5. Likewise, we protect your business as against TRO's, non-solicitation clauses and covenants not to compete, and incorporate "protocol" principles to facilitate the move. Equally important, we protect your employment rights at your new firm by negotiating the terms of your employment agreement and promissory note agreement, and documenting all those oral promises that so often seem to be forgotten by management after you've transferred your book of business. Let us help you protect your reputation and your business!

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About the Author:
James J. Eccleston is the president of Eccleston Law Offices, P.C. The Chicago-based firm represents investors and advisers nationwide in securities and employment matters. 312-332-0000 www.EcclestonLaw.com.