Merrill Lynch vs. Charles Schwab
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A group of advisors has left Merrill Lynch to join Charles Schwab and Dynasty, taking a significant amount of assets under management with them. Merrill Lynch has responded by suing, attempting to block the move, but a judge has denied a request to restrict the breakaway team's leaders. The outcome of the dispute is uncertain, with Charles Schwab characterizing Merrill Lynch's claims as speculative.
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