To embed, copy and paste the code into your website or blog:
LPL may be the biggest BD in the country, with 21,500 reps operating out of almost 13,000 branch offices. Heaven knows how much money it brings in every year, but, goodness, it must be a lot. And good thing, too, given how much the firm keeps paying to FINRA in fines for its serial, repeated, and egregious supervisory failures.
A week or so week ago, LPL kept its string of massive supervisory fines intact with a $6.5 million AWC. I will get to the details, of course, but, for starters, let’s take note of the following: