Two weeks after it was sued for a program in which it makes money on parked client cash, LPL has been sued again by another client for the same reason. These accounts, known as cash sweeps, have ...

For nearly four years, LPL helped at least 30 former Ameriprise advisors use an internal system to upload information for thousands of their ex-clients before that practice was abandoned in early 2022 ...

According to South Dakota's Division of Insurance, Department of Labor and Regulation, LPL’s advisors misused email and how they signed off on client documents. LPL in April agreed to pay a penalty of ...

LPL Financial will pay more than $6 million to settle FINRA charges that the firm fell short on complying with Regulation Best Interest when recommending trades in certain listed business development ...

The Financial Industry Regulatory Authority Inc. closed the year with substantial, multimillion-dollar penalties against two prominent firms, LPL Financial and Interactive Brokers. On Dec. 27, LPL and ...

LPL Financial is facing a second lawsuit over its cash sweep program. Douglas Nevitt, a 66-year-old Illinois construction retiree, has filed a suit in California federal court accusing the firm of ...

LPL Financial has agreed to a $3 million fine by the Financial Industry Regulatory Authority for failing to adequately supervise two reps accused of funneling $2.4 million from 13 customers into ...

As independent broker-dealers increasingly part ways with some of their large advisory practices known as OSJs, LPL Financial is reinvesting in one of its own. Processing Content Private Advisor Group ...

Independent broker-dealer LPL Financial agreed to pay more than $6 million as part of a settlement with the Financial Industry Regulatory Authority (FINRA) addressing alleged supervision failures ...

Raymond James Financial scooped up three advisor teams that previously oversaw more than $780 million in combined assets, according to company announcements this week. All three teams were previously ...