Law360 (September 21, 2018, 7:23 PM EDT) -- Charles Schwab Corp. and TD Ameritrade Inc.
have accused Goldman Sachs Group Inc.
of unfairly trying to terminate an agreement allowing the brokerages to share Goldman securities offerings with their own customers, according to a complaint filed in New York state court Thursday.
Schwab and Ameritrade said that, for 17 years, they had a deal with Epoch Partners Inc. — which Goldman later bought from Schwab and Ameritrade — that required it to give initial public offerings and secondary public offerings shares it received to the customers of the financial advisory companies, but that Goldman is now trying to end the agreement,...
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