FSA sanctions in team move cases
In Spring 2010, we published an Update on the Tullett Prebon Plc v BGC Brokers LP case. In this much-publicised and long-running battle between rival interdealer brokers, the High Court took a dim view of BGC’s conduct when poaching a team of brokers from Tullett. It took an even dimmer view of the conduct of Anthony Verrier, the former COO of Tullett.
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