Professional Investors Network, with 70 advisers and $1.7 billion in assets, was affiliated with NPH.
Rivals have picked off some big NPH teams, but LPL said it is getting the lion's share of revenue from the acquisition.
Advisers bringing in enough accounts will be rewarded, those falling short will see compensation cut.
The independent broker-dealer is increasing reimbursement fees for advisers using its strategic asset management platform, or SAM.
Some reps, including those already thinking of leaving, say the firm only cares about the bottom line.
Two of the three Finra arbitrators split their decisions in the case of James E. 'Jeb' Bashaw, a one-time star at LPL who was fired in 2014.
Brokers moving to a new firm would be forbidden for 12 months from contacting clients once they left.
Settlement claimed firm let brokers sell excessive amounts of alternative investments as a percentage of their clients' total portfolios.
The company said the DOL rule has created uncertainty on the part of advisers.
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
