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LPL Reaches Settlement Over Illegal Sale of Securities
- Sunday, Jun 17 2018
- Regulatory & Compliance
- Written by PFA News
LPL Financial has reached an agreement with Massachusetts to reimburse investors who were improperly sold unregistered securities by the broker-dealer in 2006. So reports ThinkAdvisor.
The agreement comes shortly after LPL reached a $26 million settlement with various states and the North American Securities Administrators Association over the illegal sale of securities.