I came across a great website today. It is run by the Ohio law firm of Carlile, Patchen & Murphy. The firm (as stated on their website) “has 25 years experience representing the securities industry and its employees in disputes involving employment agreements, restrictive covenants, unfair competition and trade secrets.”
Yes. They are on the other side of the coin so to speak as our firm that represents employees almost exclusively, but they have created a tremendous resource in establishing a website about the Broker Protocol.
The Broker Protocol (which we have written about many times before here, and here and here) is a gentleman’s agreement in financial services wherein companies agree that their agents and employees may move from company to company, taking certain information with them, so long as (1) it is limited information allowed in the protocol and (2) both companies (new and old) are signatories of the protocol.
The reason this site is so great, is that it provides an updated list of those companies that have signed the Broker Protocol. Why is this list so fab? Because many clients need to know whether they can make a move before they actually quit their jobs – and whether they can make a move may depend in part, on the Broker Protocol.
So I am writing today simply to applaud the fine people of CP&M and thank them for their super useful and well done site on the broker protocol.
I know you will find on your statcounter, that some attorney from Roanoke Virginia is frequently going to visit the site.