Whereas at Morgan Stanley, Takahashi and his workforce had entered into joint manufacturing preparations with Kleinertz that encompassed all purchasers the advisors serviced, because the agency encourages its advisors to do for succession planning, in response to the swimsuit.
When Takahashi left the agency, nonetheless, he and Kleinertz hadn’t built-in their purchasers or providers, it says, including that it was inconceivable that Takahashi and his workforce members would have information of Kleinertz’s purchasers “and their extremely delicate data with out having accessed confidential consumer lists and data that weren’t associated to their job obligations for Morgan Stanley, and unlawfully have taken such data to their new agency.”
Some Morgan Stanley purchasers who had by no means heard of Takahashi have acknowledged {that a} Takahashi workforce member “knew particular particulars regarding their accounts with Morgan Stanley resembling the quantity of property invested with Morgan Stanley, payment construction, liquid internet value, whole internet value,” the grievance alleges.
“To make issues worse, whereas soliciting Morgan Stanley purchasers and utilizing confidential Morgan Stanley consumer data, (Takahashi’s workforce member, at his path) has been disparaging Morgan Stanley and Mr. Kleinertz,” Morgan Stanley alleges.
Whereas soliciting Morgan Stanley purchasers to maneuver their enterprise to Takahashi at Raymond James, the workforce member has advised them the individual liable for managing their portfolio is not at Morgan Stanley and the funding is not being actively managed, the grievance alleges.
“These concern ways are completely false. After all, Mr. Kleinertz stays employed by Morgan Stanley and continues to service their accounts,” the grievance says.
Takahashi’s lawyer denied the allegations in an October letter whereas “falsely claiming” that the advisor or his workforce members had personally interacted with Kleinertz’s unique purchasers, in response to the swimsuit.
Takahashi didn’t reply to an e-mail looking for touch upon the dispute.
