The Financial Industry Regulatory Authority (FINRA) has fined LPL Financial (LPL) $3 million and ordered the firm to pay $100,000 plus interest in restitution because the firm allegedly “failed to reasonably supervise transfers of customer funds to third parties,” according to the self-regulatory organization (SRO) for U.S. broker-dealers. LPL, a FINRA member since 1973, has… Read More >>