SEC Charges LPL Financial with Anti-Money Laundering Violations

LPL To Pay $18 Million Over Anti-Money Laundering Lapses

2 weeks from now

Jan 17, 2025  · The SEC’s order reiterated previous times it disciplined LPL for similar violations, including in 2021 when LPL agreed to pay $4.8 million to settle allegations that it allowed a …

advisorhub.com

LPL To Pay $18M Settlement In 4th AML Case Over Past 10 Years

2 weeks from now

Jan 17, 2025  · An SEC investigation of LPL Financial led to an $18 million fine on findings that the firm failed to enforce anti-money laundering rules for wealth management companies

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LPL To Pay $18M Over AML Program Deficiencies

2 weeks from now

Jan 17, 2025  · LPL Financial has agreed to pay an $18 million civil penalty for the SEC described as significant shortcomings in the firm's anti-money laundering program. The reported …

investmentnews.com

LPL Nears $18 Million SEC Settlement Over Anti-Money …

2 weeks from now

Oct 31, 2024  · Steinmeier and LPL’s President and Chief Financial Officer Matthew Audette, whose role expanded due to Arnold’s ousting, reported a slightly slower year-over-year growth …

advisorhub.com

LPL Settles SEC Anti-Money Laundering Case For $18 Million (1)

2 weeks from now

Jan 17, 2025  · Broker-dealer LPL Financial LLC failed to comply with its own policies on cannabis-related money and foreign accounts, violating key anti-money laundering rules, the …

bloomberglaw.com

LPL Financial Settles SEC Anti-money Laundering Charges For $18 …

2 weeks from now

The SEC's order determined that LPL knowingly violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8 under it. Without admitting or denying the SEC's …

msn.com

LPL To Pay $18 Million To Resolve Anti-Money-Laundering …

2 weeks from now

L PL Financial has agreed to pay $18 million to resolve allegations that it failed to close or restrict thousands of high-risk accounts because of lax anti-money-laundering procedures.

msn.com

LPL Financial Hit With Anti-Money Laundering Violations

2 weeks from now

Jan 17, 2025  · Without admitting or denying the SEC’s findings, LPL agreed to a censure and a cease-and-desist order in addition to the $18 million penalty. The SEC’s order also directs LPL …

wealthmanagement.com

LPL Financial Settles SEC Anti-money Laundering Charges For $18 …

2 weeks from now

Jan 17, 2025  · The SEC order states that from May 2019 to December 2023, LPL had persistent issues with its customer identification program, including not closing accounts in a timely …

investing.com

LPL Financial Faces $18 Million Settlement Over SEC Money …

2 weeks from now

Oct 31, 2024  · The $18 million settlement agreement between LPL Financial and the SEC marks a pivotal moment in the ongoing narrative of AML compliance within the financial sector. It …

lbitcompliance.com

LPL Financial To Pay $18M Fine For Anti-Money Laundering Failures

2 weeks from now

Jan 17, 2025  · By Adriano Marchese. LPL Financial Holdings has agreed to pay an $18 million fine and to improve its anti-money laundering program to settle charges from the U.S. …

marketwatch.com

LPL Financial To Pay $18M For Anti-money Laundering Issues

2 weeks from now

Jan 17, 2025  · The SEC order also noted three other times LPL was cited for similar anti-money laundering charges. In 2021, LPL paid over $4.8 million for its role in furthering an …

charlotteobserver.com

LPL To Pay $18M To Settle SEC Case On AML Rules

2 weeks from now

LPL Financial failed to follow its own anti-money laundering procedures for client identification across more than 12,000 accounts over nearly five years, according to the SEC. The company …

theadvisermagazine.com

LPL Fined $18M Over Lax Anti-Money Laundering Compliance

2 weeks from now

Jan 21, 2025  · The SEC imposed an $18 million fine on LPL Financial LLC on January 17, 2025. This substantial penalty resulted from the firm’s failure to comply with anti-money laundering …

investmentfraudlawyers.com

LPL Financial Settles SEC Anti-money Laundering Charges For $18 …

2 weeks from now

The SEC's order determined that LPL knowingly violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8 under it. Without admitting or denying the SEC's …

investing.com

SEC Fines LPL Financial $18 Million For AML Failures

2 weeks from now

1 day ago  · The Securities and Exchange Commission cited multiple failures in LPL Financial LLC’s anti-money laundering program in a cease-and-desist order calling for the investment …

doddfrankupdate.com

LPL Financial Settles SEC Anti-money Laundering Charges For $18 …

2 weeks from now

Jan 17, 2025  · The SEC's order determined that LPL knowingly violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8 under it. Without admitting or denying the …

investing.com

LPL Financial Sets Aside $18 Million For Potential US SEC Settlement ...

2 weeks from now

MLex Summary: LPL Financial Holdings set aside $18 million for a potential settlement with the US Securities and Exchange Commission to resolve a civil investigation into elements of the …

mlex.com

LPL Financial Prepares For AML-Related SEC Settlement

2 weeks from now

Nov 5, 2024  · LPL Financial has set aside $18 million in anticipation of settling an ongoing Securities and Exchange Commission (SEC) investigation into its anti-money l...

ecclestonlaw.com

Vanguard Settles SEC Charges Over Misleading Fund Disclosures

2 weeks from now

The settlement amount will be distributed to harmed investors. ... and pay $18.2 million in disgorgement and prejudgment interest that will be deemed satisfied by the payment of $92.91 …

msn.com

LPL Financial Announces Fourth Quarter And Full Year 2024 Results

2 weeks from now

Jan 30, 2025  · The Company has recorded an $18.0 million charge for the quarter ended September 30, 2024 and reached a settlement with the staff of the SEC and paid the civil …

morningstar.com