Does BNY enforce their non solicit policy? Does anyone have experience where BNY has enforced it?
5 replies (most recent on top)
They will sue the sh-t out of you. You are not allowed by any means to do that not are you allowed to work for a competitor while being here. But i think this is hilarious and bny deserves everything they have coming to them
Tbh if you’re leaving for the right reasons you have a responsibility as an advisor to offer your customers the better deal at a new practice if you actually care about them
They didn't enforce it when Charlie look Santomassimo and Engle. They should have sued him for leaving Jolen though.
They basically have been proven to not hold up in court, poach away.
Taking BNY customers on the way out is a right of passage and commonly used off-ramp from this firm.
Don’t you see all those life boats fleeing the titanic? They are taking their customers with them. Turns out old money isn’t as excited by AI as the board
I never heard of it being enforced. But the hardest part is to prove it. Good luck to BNY proving that you solicited someone you worked with to go to another firm.
Maybe better enforceable for some CEO type people when they announce stuff to the entire world.. otherwise you can put whatever the heck you want into these papers most of which is pretty impossible to enforce.