May 2018
The North American Securities Administrators Association (NASAA) announced that a settlement has been reached between state securities regulators and LPL Finanical requiring LPL Finanical to repurchase from investors certain securities sold since October 2006 and to pay civil penalties that could total $26 million or more.
The settlement was led by regulators from Alabama and Massachusetts and relates to unregistered, non exempt securities sold by LPL.
Regulatory sanctions are nothing new for LPL Financial. Their FINRA record discloses 111 prior regulatory events.
If you have questions about how your account has been handled by your advisor, contact us for a no charge consultation to discuss your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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