New FTC Ban On Noncompete Agreements Raises Questions In Advisor M&A World

April 30, 2024 by Tracey Longo

The Federal Trade Commission voted Tuesday to finalize its rule banning employers from using noncompete clauses in almost all circumstances. The Chamber of Commerce has already filed a lawsuit in federal court to overturn the rule.

Under the FTC’s final rule, existing noncompete agreements would no longer be enforceable for the vast majority of employees after the rule’s effective date—120 days after publication in the Federal Register.

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Originally Posted at Financial Advisor on April 24, 2024 by Tracey Longo.