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Merrill Asks Judge to Dismiss Ex-Advisor's Suit Over Deferred Comp
News October 09, 2024 at 03:10 PM
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What You Need To Know
- Former Merrill advisor Kelly Milligan contends an award plan violates ERISA.
- Milligan says he forfeited $500,000 in commissions when he left the firm before the eight-year vesting period.
- The firm says the money in the plan is not deferred commissions but a bonus intended to enourage advisor retention.
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