LPL to Pay Up to $2.5M in Nontraded REITs Case
The violations took place between 2006 and 2009 in Massachusetts, regulators say.
LPL, Country’s Largest IBD, Grapples With Its Own Success
While LPL, which reported earnings Wednesday, may lay off workers in some areas, its tech and research units are hiring as the IBD seeks selective growth.
Wirehouses, Others Actively Attract Reps
In the final months of 2012, the wirehouse firms continued to recruit advisors from each other and from other broker-dealers.
LPL Taps Ex-Dell CIO for Top Tech Post
Victor Fetter will move from Austin to Charlotte, N.C., to head the independent broker-dealer's growing IT squad.
Massachusetts Sues LPL for Non-Traded REIT Violations
The complaint is focused on about 570 sales worth about $26.5 million.
Top Portfolio Products: Franklin Templeton Adds Portfolio Tool
Private Client Resources and the Argus Research Group form a strategic partnership
LPL Adds $8.2 Billion Credit Union to Platform
LPL, the independent broker-dealer, says it now has over 685 banks and credit unions as clients.
LPL Tops Estimates, Boosts Assets
The number of advisors drops from the second quarter, but is up for the year at 13,140.
New Hire Roundup: FINRA Adds Three; Eichmann Goes to TheStreet
This week in new hires, FINRA added three new governors; Erwin Eichmann joined TheStreet as general counsel; and Putnam Investments named Darren Jaroch portfolio manager of another fund.
LPL Adds 223 Advisors as Profits Drop 13%
In a repeat from last quarter, LPL Financial reported that quarterly profits were down although revenues were up.