Bank of America chips away at brokerage industry truce
February 23, 2015 at 01:08 AM EST
NEW YORK (Reuters) - For the last decade, Wall Street brokerages have had a pact not to sue brokers that leave their firms and try to take clients with them. Now Bank of America BAC.N Merrill Lynch, one of the founding signers of the truce, is taking steps to erode the agreement, industry lawyers say.
