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Violation Tracker Individual Record

Company: LPL Financial, LLC
Current Parent Company: LPL Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $2,750,000
Year: 2018
Date: October 30, 2018
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: anti-money-laundering deficiencies
Violation Description: FINRA fined LPL Financial, LLC $2.75 million for complaint-reporting and anti-money-laundering program failures that spanned a period of more than three years.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment advisory services
Source of Data: (click here)
Archived Source: (click here)
Notes: FINRA is a securities industry self-regulatory body authorized by the federal government.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.