LPL, SEC

LPL to Pay $18 Million to Resolve Anti-Money-Laundering Allegations
The Securities and Exchange Commission alleges that LPL didn’t adhere to an organized process for addressing restrictions on accounts that failed its customer identification program.
SEC charges La Jolla’s LPL Financial with anti-money laundering violations
LPL Financial, a La Jolla-based investment and wealth management services firm, will pay $18 million to settle charges by the Securities and Exchange Commission for violations of anti-money laundering policies.
LPL Financial settles SEC anti-money laundering charges for $18 million
The Securities and Exchange Commission (SEC) has announced charges against broker-dealer and investment adviser LPL Financial (NASDAQ:LPLA) LLC due to numerous failures in its anti-money laundering (AML) program.
LPL Financial Hit with Anti-Money Laundering Violations
As part of a flurry of moves in the last days of the Biden administration, the Securities and Exchange Commission announced charges against broker/dealer and investment advisor LPL Financial for multiple failures related to its anti-money laundering program.
LPL Financial to Pay $18M Fine for Anti-Money Laundering Failures
LPL Financial Holdings has agreed to pay an $18 million fine and to improve its anti-money laundering program to settle charges from the U.S. securities watchdog.
LPL Financial to pay civil penalty of $18M to settle SEC charges
The Securities and Exchange Commission announced charges against broker-dealer and investment adviser LPL Financial (LPLA) for multiple
Charlotte area financial services firm to pay $18M to settle anti-money laundering charges
The SEC detailed accusations against the broker-dealer firm, which has several thousand workers in the region.
InvestmentNews3d
LPL to pay $18M over AML program deficiencies
SEC charges describe multiple failures in customer identification programs and shortfalls related to high-risk accounts ...
Financial Advisor IQ3d
LPL Rung Up for $18M over AML Failures
LPL, without admitting or denying the findings, agreed to pay a penalty of $18 million and to a censure and cease-and-desist ...
Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors
An investigation by the S.E.C. and several states found that the company had failed to notify investors of changes in the ...
WealthManagement.com2d
SEC Charges Pennsylvania Advisor Who Used Client Funds on Country Club Dues
Scott J. Mason of Rubicon Wealth Management defrauded at least 13 advisory clients out of more than $20 million, spending it ...
Financial Planning6y
LPL Financial’s largest termination ever
Ultimately, LPL dismissed Bashaw over two $1 million ... share such information if there is a suspicion of terrorism or money laundering. Yet Shorris answered “no” when asked by Bashaw ...