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October 31, 2018
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Blog, Current Investigations
FINRA Sanctions LPL for Complaint Reporting Violations and AML Program Failures According to the Financial Industry Regulatory Authority (FINRA) this week, the regulator has fined LPL Financial LLC $2.75 million for complaint-reporting and anti-money laundering program failures over a three year period. FINRA’s
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May 3, 2018
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Blog, Current Investigations, Securities Fraud
LPL Financial Settles Charges with State Regulators According to a press announcement, LPL Financial has agreed to pay up to $26 million to settle charges from state regulators for alleged negligence in supervising sales of unregistered securities to thousands of investors over 12 years. LPL Financial, the largest
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April 25, 2018
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Blog, Current Investigations
FINRA Sanctions LPL Financial for Supervisory Issues According to the Financial Industry Regulatory Authority on February 6, 2018, LPL Financial LLC (CRD #6413, Boston, Massachusetts) was issued an AWC in which the firm was censured and fined $375,000. Without admitting or denying the findings, LPL Financial consented
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August 1, 2017
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Blog, Current Investigations, Securities Fraud
Former LPL Brokers allegedly targeted Federal Employees nearing retirement According to a press announcement Monday, the Securities and Exchange Commission has charged four former LPL brokers with allegedly fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan
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May 23, 2017
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Securities Fraud
Former clients of LPL Financial are fighting the firm and their broker, Jason N. Anderson in Beaumont, Texas. Plaintiffs Elijah Denson and Olan Weeks of Beaumont, Texas, seek more than $1 million in damages on behalf of “hundreds” of current and former clients of Jason N. Anderson, at LPL Financial in a
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