Law360, New York (April 9, 2013, 6:25 PM EDT) -- Merrill Lynch & Co. Inc. on Monday accused two former financial advisers in California of using their Merrill Lynch passwords to steal customer contact information after they had left for Wells Fargo & Co., and then trying to lure the customers to their new employer.
The administrator of a 401(k) plan exposed the advisers after receiving an April 1 solicitation email from them containing account-transfer documents that were partially filled out, already containing one of the customer's Merrill Lynch account numbers, the suit said.
"This email from a confused customer soon revealed a plot by defendants to misappropriate confidential Merrill Lynch...
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