Archive · 24 Sep 2025
Ex-Trader Sues TD Bank Over Non-Compete Agreement
Imagine a finance person named Matthew who used to work at a bank called TD Bank.
He had a special plan for trading, but the bank didn't follow through with their promises.
After a while, Matthew decided to leave.
TD Bank then said he couldn't work at another similar job for a year.
Matthew is now suing the bank.
He believes the bank broke their agreement with him and that the non-compete is unfair.
He claims the bank's actions are hurting his career and his money.
Former TD Bank credit trader Matthew Austin is suing the bank.
Austin alleges the bank breached its agreement with him.
Austin claims TD Bank is wrongfully enforcing a non-compete agreement.
The suit was filed in federal court in New York.
Austin was recruited under promises to implement an algorithmic trading strategy.
- Who
- Former TD Bank credit trader Matthew Austin
- What
- Sued TD Bank to void a non-compete agreement
- When
- Suit filed Monday in August 2025; Austin resigned on August 25
- Where
- Federal court in New York
- Why
- Austin claims TD Bank breached their agreement and is wrongfully enforcing the non-compete.
- Plaintiff
- Matthew Austin
- Defendant
- TD Securities (USA) LLC
- Court
- US District Court, Southern District of New York
- Case Number
- 25-cv-7866
- Allegation
- Breach of contract; wrongful enforcement of non-compete
- Plaintiff's Previous Employer
- Goldman Sachs Group Inc.