04:44:11 EDT Sun 09 May 2021
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Royal Bank of Canada
Symbol RY
Shares Issued 1,444,328,969
Close 2013-04-29 C$ 60.64
Recent Sedar Documents

RBC sues former Kelowna adviser Macdonald

2013-04-30 13:26 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

RBC Dominion Securities Inc. has filed a lawsuit in the Supreme Court of British Columbia against a former junior adviser for taking confidential data and using it to solicit clients, including those of his former superior. The suit complains that Lance Macdonald, who worked at an RBC branch in Kelowna, sent confidential information to his personal e-mail before he resigned in March, 2013. He then joined a competing branch owned by National Bank Financial Ltd., and started an "aggressive, targeted campaign" to solicit dozens of RBC clients.

Lance Macdonald and Richard Ingram
RBC
Lance Macdonald and Richard Ingram

The allegations are contained in a notice of application that RBC filed against Mr. Macdonald and National Bank on April 26, 2013, at the Vancouver courthouse. The firm says it is suffering irreparable harm, and is asking for an injunction that would prevent Mr. Macdonald from targeting its clients.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Ha "Irreperable Harm" what 5MM on 178MM book? Really, Irreperable, Really??? Look like they both lose.

Posted by Paprika Prince at 2013-05-01 15:27

if all it takes is a phone call or email to transfer $5.9m from RBC to NB Financial, then were those clients happy at RBC?

Posted by don juan at 2013-05-06 12:34


Comments for this item are closed