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

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