In his papers, historians found fragments of a lecture that Abraham Lincoln had prepared that remains appropriate today for clients and lawyers. This lecture, dated July 1, 1850, provided some sage advice for attorneys that has stood the test of time.  The lecture is published in the “Collected Works of Abraham Lincoln.” Mr. Lincoln wrote, "Discourage litigation. Persuade your neighbors to compromise whenever you can. Point out to them how the nominal winner is often a real loser -- in fees, … [Read more...]

Non-competition or non-solicitation agreements between a registered representative and a broker-dealer were popular for many years. It seemed like every Friday afternoon a registered representative would tender a resignation and then the parties were off to the races in an effort to contact customers about transferring accounts. By Monday morning, the broker-dealer would be at the courthouse with its lawyers seeking a temporary restraining order to prohibit any transfer of accounts. The fight … [Read more...]