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 ...

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 ...

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 ...

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 ...