Tolbert v RBC Capital Markets

SIFMA submitted an Amicus “Friend of the Court” Brief

Court:  

U.S. Court of Appeals

(Fifth Circuit)

Amicus Issues:  

Whether a firm’s voluntary deferred compensation plan for financial advisors violates ERISA by requiring that certain contributions be forfeited and reverted back to the firm in the event the financial advisor’s employment is terminated for cause prior to distribution of such advisor’s account balance.

Counsel of Record:  

O’Melveny & Myers LLP

Gregory F. Jacob

Raghav Ahuja

Anton Metlitsky

Other Amici:  

None.