Defendant Name:
LPL Financial LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
LPL Financial Holdings Inc.
SIC Code:
9999
CUSIP:
50212V10
Document Reference:
34-102008
Document Details
Legal Case Name
In the Matter of LPL Financial LLC
Document Name
Order Instituting Administrative and Cease-and-desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-desist Order
Document Date
20-Dec-2024
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On December 20, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against LPL Financial LLC, stating: "These proceedings arise out of Respondent’s failure to submit to the Commission complete and accurate data in response to Commission staff electronic blue sheets (“EBS”) requests, resulting in the reporting of EBS that were incomplete or deficient."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$900,000.00
Shared:
