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LPL Financial eliminates 10% of work force

Industry observers have questioned in which areas the cuts have been made, but a spokesman, Joe Kuo, said the company has no comment beyond a statement, which included no specifics about the layoffs.

LPL Financial of Boston said it has cut 10% of its work force, or 275 employees.

In a filing with the Securities and Exchange Commission on Dec. 29, LPL indicated that it was taking action to cut operating costs, including the layoffs.

Industry observers have questioned in which areas the cuts ha

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