“The Protocol needs to be administered in a manner that does not create advantages for certain of the signatories, to the detriment of the investing public.” @RIABiz @lisshidler features @HDelux.

Last fall, Sharron Ash, chief litigation officer of the Hamburger Law Firm, cried foul on Bressler when Morgan Stanley withdrew from the Broker Protocol, saying the firm delayed release of the information that was vital to brokers seeking to leave the firm and to lawyers who protect the interests of these individuals based on that information. MarketCounsel and Hamburger Law Firm released a joint statement last week saying they were relieved that Bressler was no longer at the helm of the Broker Protocol.

“The Protocol needs to be administered in a manner that does not create advantages for certain of the signatories, to the detriment of the investing public. Given Bressler’s inability to meet these standards in its role as Protocol administrator, we are relieved to see that they relinquished their post.”

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