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Remitop, others submit amicus brief against FTC in case against non-compete ban

Remitop, SIFMA, FIA, and AIC submitted an amicus brief in support of the Properties of the Village, Inc. case against the FTC’s non-compete ban.

The brief makes the following arguments:

  • The Rule Would Hurt Competition And Employees In The Financial-Services Industry
  • The Rule Exceeds The FTC’s Statutory Authority

The signatories ask the court to grant the motion for a stay of the effective date and a preliminary injunction.