fbpx

LPL Financial Fined $450K by Texas Regulators for Sale of Unregistered Securities-Austin, TX

LPL Financial Fined $450K by Texas Regulators for Sale of Unregistered Securities-Austin, TX

LPL Financial Fined $450K by Texas Regulators for Sale of Unregistered Securities-Austin, TX 150 150 Rex Securities Law

April 2019- Austin , Texas

The Texas State Securities Board (TSSB) fined LPL Financial $450,000 and ordered a repurchase of certain securities sold to investors. In addition LPL agreed to pay $49,000 to the Texas Investor Education Fund of the Investor Protection Trust to be used for investor education.

In the settlement agreement with Texas, LPL agrees to review its records for all executed, solicited purchase orders of certain equity and fixed income securities between 10/1/2006-5/1/2018, and offer to repurchase the securities, if still held, or if the securities have been sold, pay damages including 3% simple interest per annum.

If you have a question about how your account at LPL Financial has been handled, call for a no charge consultation.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

This site is protected by wp-copyrightpro.com