
The North American Securities Administrators Association (NASAA) announced a settlement between LPL Financial and state securities regulators requiring the firm to repurchase from investors certain securities sold since October 2006 and to pay civil penalties of about $26 million. Each of the 49 states and the District Columbia participating were to receive $499,000. For more info visit https://www.nasaa.org/44990/state-securities-regulators-announce-26-million-settlement-with-lpl-financial-llc-involving-sales-of-unregistered-non-exempt-securities/?qoid=current-headlines