JPMorgan and Charles Schwab both recently have won separate legal victories against departing advisors.

JPMorgan won its request for a temporary restraining order against Justin Barroso in the U.S. District Court for the Southern District of Florida, Fort Lauderdale Division.

Barroso, who joined the financial services industry in 2007, came to JPMorgan in 2012 and left for UBS this October, according to her BrokerCheck record.

The court ruled that the firm would “suffer irreparable harm and loss” if Barroso were allowed to solicit clients for her new firm, UBS Financial Services, according to court documents.

Barroso and JPMorgan are scheduled to appear in court Nov. 18 to demonstrate why the TRO shouldn’t be converted into a preliminary injunction, according to court records.

Separately, Alfredo Martinez and Schwab agreed to Martinez’s permanent injunction, according to court documents published by the U.S. District Court for the Eastern District of Louisiana.

Martinez, who joined the industry in 2000, came to Schwab in 2005 and left for LPL Financial this March, according to his BrokerCheck profile.


Under the agreement, Martinez is barred from soliciting business from Schwab clients through Sept. 8, 2020, while Schwab reserves the right to pursue non-injunctive relief through Finra arbitration, according to court documents.