sec whistleblower attorneys
March 11, 2019
LPL Financial LLC
Trading and Pricing
SANCTION AMOUNT: 9333516.27
Defendants: LPL Financial LLC
Settled charges that Respondent failed to adequately disclose conflicts of interest related to the sale of higher-cost mutual fund share classes that charged 12b-1 fees, when a lower-cost share class was available. The Respondent self-reported the potential violations.
- Key Docs
- Official SEC press release
