September 22, 2011 Comments (0) Blog, Securities Fraud

Securities Regulatory Information Regarding LPL Financial

(Last Updated On: July 17, 2015)

The following is a brief breakdown of publicly available information regarding LPL Financial and its securities sales practices and FINRA regulatory history.

LPL Financial is a FINRA registered broker-dealer based in Boston, Massachusetts.  LPL’s website states that the firm provides an integrated platform of proprietary technology, brokerage, and investment advisory services to over 12,000 financial advisors as the nation’s largest independent broker/dealer.

Although LPL Financial has a fine reputation in the securities industry, investors should know that the firm does have numerous reportable events on its FINRA Broker Report (or CRD).

According to the firm’s CRD, LPL Financial has been named in at least 30 regulatory events related to possible securities fraud violations.  The firm has been the subject of investigations conducted by FINRA, the State of Missouri, the Kentucky Division of Securities, and the Securities and Exchange Commission (among others).

The firm has also been named in over 35 FINRA arbitration claims filed by investors.  These claims involved various investment types and causes of action.

The foregoing is but a brief summary of the firm’s FINRA Broker Report.  To access LPL Financial’s full CRD, you can visit http://brokercheck.finra.org.

If you have any questions about investments you made with LPL Financial, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help.  To contact the firm, please call 312/238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit http://www.whitesecuritieslaw.com.

-->