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Violation Tracker Individual Record

Company: LPL Financial LLC
Current Parent Company: LPL Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $500,000
Year: 2021
Date: December 3, 2021
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: LPL agreed to pay $500,000 in settlement of allegations it failed to enforce procedures for supervising the activities of its agents, following one of its investment advisors pleading guilty to wire fraud.
Level of Government: state
Action Type: agency action
Agency: Connecticut Securities and Business Investments Division
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment advisory services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.