In big firms' fight to avoid paying deferred compensation to advisors who jump to rivals, much of the legal wrangling has centered on federal retirement law. Processing Content But another factor is ...

Morgan Stanley suffered a rebuke in its attempt to have a court of appeals overturn a lower judge's ruling that the deferred compensation it pays advisors is protected by federal retirement law.

The Department of Labor weighed in on a thorny legal issue for Morgan Stanley: Are the company’s deferred compensation plans for advisors covered by a federal retirement law? It doesn’t look that way, ...