Vanguard Sues Financial Advisor Over Alleged Client Solicitation

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The Vanguard Group is suing one of its former ultrahigh-net-worth financial advisors for allegedly violating a one-year nonsolicitation agreement he signed while an employee.

The financial services giant accuses Matthew Snipes of breach of contract and misappropriation of trade secrets in its lawsuit filed June 9 in a federal court in North Carolina.

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