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>> WELLS FARGO Latest News

JAN 16, 2013 - Washington Business Journal

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Wells Fargo loses $1.4 million ‘raiding’ claim against Stifel

The cross-town rivalry between Stifel Nicolaus & Co. and Wells Fargo Advisors got nastier this week. Wells lost a $1.4 million securities arbitration case against Stifel, Reuters reported. The case dates back to when Wachovia owned what used to be A.G. Edwards, and brokers left Wachovia for Stifel. “This case continues to underscore that people are free to work at the place of their choosing,” said Ron Kruszewski, chairman and chief executive of Stifel, according to Reuters. Reuters wrote…

Tags: Wells Fargo loses $1.4 million ‘raiding’ claim against Stifel,  Wells Fargo Latest News