A panel of Financial Industry Regulatory Authority (Finra) arbitrators ruled against the RIA after it tried to win a permanent injunction against its onetime manager of retirement plans, R.J. Reibel. Reibel now works as a vice president of RIA Cary Street Partners’ corporate benefits and retirement division. He left Edelman in April of 2018.
Cary Street Partners prevails in arbitration with Edelman Financial Services
The firm had sought over $3 million from former retirement plan division executive R.J. Reibel over claims he violated a non-solicitation clause in his contract.