Finra slaps LPL with $150,000 supervisory fine
The regulator says the firm failed to supervise one of its affiliated brokers whose outside dealings cost LPL customers more than $650,000.
The Financial Industry Regulatory Authority has censured LPL Financial and imposed a fine of $150,000, charging that the firm failed to supervise one of its affiliated brokers whose outside dealings cost LPL customers more than $650,000.
Finra said that LPL ignored several red flags raised by the
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