LPL failed to follow its own anti-money-laundering procedures when it opened a customer account and processed wire transfers for Eugenio Garcia Jimenez, Jr., an unregistered investment advisor who ...

LPL Financial is suing Ameriprise for alleged defamation, accusing the firm of sending "data breach" notices to thousands of LPL customers that falsely claimed their personal information was ...

LPL Financial is revamping its account opening process, reducing the number of fields clients have to fill out and consolidating the process into one signing event, a la Amazon.com. The new system ...

From nine minutes to four, that is how long LPL’s new account opening process is expected to take on average, according to the firm. LPL’s New Account Opening 2.0, a component of its ClientWorks suite ...

There is a new twist in the multifaceted legal war between wealth management companies LPL Financial and Ameriprise. LPL this week sued its rival for allegedly sending misleading data breach notices ...

The court order came after LPL agreed to drop its lawsuit that sought a temporary restraining order against its competitor last Thursday, according to a court filing. But that doesn’t mean the ...

SAN DIEGO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, today announced the launch of its Cash Management Account (CMA), a solution designed to simplify ...

Such data breach notices are among the most sensitive communications firms can have with clients, as customers are deathly afraid of losing control of their accounts to outside compute hackers.

LPL Financial has been fined $150,000 by Finra over allegations that it failed to stop a registered representative from using client funds as part of a Ponzi scheme. The broker-dealer agreed to the ...