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CT HB05497
Bill
Status
3/7/2018
Primary Sponsor
Banking Committee
Click for details
AI Summary
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Prohibits agents, broker-dealers, investment advisers, and investment adviser agents from requiring employees to sign noncompete agreements as a condition of employment, effective October 1, 2018.
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Voids any noncompete agreement provisions that are entered into, renewed, or extended on or after October 1, 2018 by covered securities industry employers.
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Applies to agreements that would restrict employees from engaging in the same or similar work for another employer or as self-employed persons for any specified period after employment termination.
Legislative Description
An Act Prohibiting Certain Employers In The Securities Industry From Requiring Employees To Enter Into Noncompete Agreements.
Last Action
File Number 262
4/5/2018