SEC Charges LPL Financial with Anti-Money Laundering Violations
3 days ago · The Securities and Exchange Commission today announced charges against broker-dealer and investment adviser LPL Financial LLC for multiple failures related to its anti-money laundering (AML) program. To resolve the SEC’s charges, LPL agreed to pay a civil penalty of $18 million and to implement improvements to its AML policies and procedures.
SEC charges La Jolla’s LPL Financial with anti-money laundering …
LPL Financial, a La Jolla-based investment and wealth management services firm, will pay $18 million to settle charges by the Securities and Exchange Commission for violations of anti-money ...
LPL Financial Hit with Anti-Money Laundering Violations
2 days ago · Related: SEC, Treasury Department Propose Anti-Money Laundering Rule for RIAs The SEC’s order found that LPL willfully violated Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-8.
SEC Charges LPL Financial with Anti-Money Laundering Violations
3 days ago · Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced charges against broker-dealer and investment adviser LPL Financial LLC for multiple failures related to its anti-money laundering (AML) program.
LPL Financial to Pay $18M Fine for Anti-Money Laundering …
3 days ago · 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. securities watchdog.
LPL Financial settles SEC anti-money laundering charges for $18 …
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 findings, the firm ...
LPL to pay $18M over AML program deficiencies
2 days ago · 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 violations, which occurred ...
LPL Financial to Pay $18 Million Fine for Anti-Money Laundering ...
2 days ago · 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. securities watchdog. The Securities and Exchange Commission on Friday said that it has laid charges against the broker-dealer and investment adviser for multiple failures related to its anti-money ...
LPL Settles SEC Anti-Money Laundering Case for $18 Million (1)
2 days ago · 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 US Securities and Exchange Commission said Friday.. The firm, without admitting or denying the regulator’s claims, agreed to pay $18 million to settle the allegations.It also agreed to hire a …
LPL Financial Settles Charges Involving Violation of Anti-Money ...
Sep 30, 2021 · LPL, without admitting or denying the SEC's findings, agreed to settle the charges by undertaking significant remedial measures, including the payment of over $4.1 million directly to MEDI, representing investor losses plus interest.
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