Jan 17, 2025 · The SEC’s order finds that LPL willfully violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8 thereunder. Without admitting or denying the SEC’s findings, the firm agreed to a censure and a cease-and-desist order in …

Jan 17, 2025 · The Securities and Exchange Commission censured and fined LPL Financial $18 million for multiple shortcomings in its anti-money laundering compliance programs, including its failure to properly ...

Jan 21, 2025 · Broker-dealer LPL Financial will pay $18 million to settle charges by the Securities and Exchange Commission (SEC) that its anti-money laundering (AML) program did not properly vet customers and failed to close or restrict thousands of high-risk accounts.

Jan 21, 2025 · The SEC, on the same day, issued an $18 million penalty against broker-dealer and investment adviser LPL Financial over alleged anti-money laundering compliance failures. ... customers and to conduct ongoing customer due diligence to aid the government in its efforts to detect and prevent money laundering,” Stacy Bogert, associate director of ...

Jan 17, 2025 · Related: SEC, Treasury Department Propose Anti-Money Laundering Rule for RIAs The SEC’s order found that LPL willfully violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8.

Jan 17, 2025 · 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.

Jan 17, 2025 · LPL Financial has agreed to pay an $18 million civil penalty for the SEC described as significant shortcomings in the firm's anti-money laundering program.

Jan 17, 2025 · Broker-dealer LPL Financial LLC failed to comply with its own policies on cannabis-related money and foreign accounts, violating key anti-money laundering rules, the US Securities and Exchange Commission said Friday.

Jan 17, 2025 · 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.

Sep 30, 2021 · LPL, without admitting or denying the SEC's findings, agreed to settle the charges by undertaking significant remedial measures, including the payment of over $4.1 million directly to MEDI, representing investor losses plus interest.