Morgan Stanley Wins Temporary Restraining Order Against Advisors Who Left

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A federal judge has granted Morgan Stanley a temporary restraining order against a former advisor team that left the wirehouse earlier this month to launch an independent practice.

The large financial-services firm alleges that Trent Leyda and his team have been soliciting their former clients in violation of their contracts and that they took “highly confidential client and other proprietary Morgan Stanley information to carry out their improper solicitations.”

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