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LPL faces defections for taking affiliates off Pershing platform

LPL Investment Holdings Inc. could see a flight of brokers and advisers from three affiliated broker-dealers now that it's pulling the plug on using Pershing LLC as the clearing agent for those three firms.

LPL Investment Holdings Inc. could see a flight of brokers and advisers from three affiliated broker-dealers now that it's pulling the plug on using Pershing LLC as the clearing agent for those three firms.

Last week, Boston-based LPL said it is moving the 1,700 advisers affiliated with Mutu

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