Latest News
- Disaster and Business Continuity
- Derivatives Operations +
-
Securities Operations
+
- Affirmation, Allocation & Confirmation
- Back Office
- Buy-Side
- Case Studies
- Clearing
- Corporate Actions
- Data Management
- FX Operations
- Hedge Fund Operations
- Industry News
- Mergers & Acquisitions
- Middle-Office
- Operational Risk
- Ops Automation
- Outsourcing
- Private Markets
- Reconciliation & Exceptions
- Risk Management
- Sell-Side
- Settlement
- T+1 Settlement
- Diversity & Human Interest +
- FinTech Trends +
- Opinion +
- Performance Measurement +
- Regulation & Compliance +
- Industry News +
- FTF Media & Content Channels +
- FTF Bull Run Blog
The broker-dealer must pay civil penalties and repurchase securities to settle charges that it failed to prevent the sale of unregistered, non-exempt securities.
The North American Securities Administrators Association (NASAA) reports reaching a settlement with LPL Financial LLC and state securities regulators that would require the broker-dealer to “repurchase from investors certain securities sold since October 2006 and to pay civil penalties that could total more than $26 million.” According to a NASAA statement, the recent settlement is...
Already a subscriber? Login here
