More than 70 Credit Suisse advisors have spurned an offer to join Wells Fargo, opting instead to join UBS after being enticed by a lucrative recruiting deal and what some see as superior services.

In response, a scorned Credit Suisse has hit back, filing a raiding claim in FINRA arbitration against UBS – which has left critics questioning the legal basis for such claims since Credit Suisse, having inked a recruiting deal with Wells Fargo, is exiting the U.S. market.

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