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Amerprise Sues LPL Over 'Shocking' Recruiting Tactics
News July 30, 2024 at 02:07 PM
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What You Need To Know
- Ameriprise alleges LPL systematically directs the advisors it recruits to take confidential information on their way out the door.
- This violates multiple securities laws as well as the broker protocol for recruiting.
- With the behavior, LPL has obtained and mishandled trade secrets and sensitive client data, the suit contends.
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