Father and son breakaway team 'poke the bear' by suing Merrill Lynch upon exit

Father and son financial advisors have filed a lawsuit against Merrill Lynch as part of a one-two punch that began with them breaking away and taking their clients and assets with them. 

Michael and Philip Bradshaw petitioned the U.S. District Court Southern District of California on Jan. 24 for a declarative judgment to effectively block any attempt by Merrill Lynch to seek an injunction in state court.  

The same day, they also filed an arbitration claim with FINRA – the Financial Industry Regulatory Authority – over the substance of their dispute. It involves a series of restrictions Merrill imposes on brokers who try to leave the firm. 

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