Settlement Reached with LPL Financial


Posted on: December 4th, 2018 by [email protected] No Comments

On Monday, Indiana Secretary of State Connie Lawson announced she has agreed to a settlement with LPL Financial which includes a civil penalty of $450,000. The settlement stems from an investigation by the Securities Division of the Secretary of State’s office regarding various deficiencies related to LPL’s supervision of its Indiana operations. In addition to the $450,000 civil penalty, LPL agreed to a conduct a 3rd party compliance review of its policies and procedures in Indiana to ensure that they comply with Indiana law. LPL will provide a report to the Securities Commissioner in 180 days for review. For information on how to avoid becoming a victim of investment fraud, visit www.in.gov/sos



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