Tagged with "LPL Financial"

Ex-LPL Broker Pleads Guilty to Investment Fraud

Posted on November 25th, 2014 at 9:26 AM

A former broker for LPL Financial LLC will pay more than $1.9 million in restitution to his clients to resolve an SEC fraud suit against him.

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Massachusetts Fines LPL Financial for Faulty Variable Annuities Switches

Posted on October 28th, 2014 at 8:19 AM
Massachusetts Fines LPL Financial for Faulty Variable Annuities Switches

Massachusetts securities regulators have fined LPL Financial for oversight failure associated with its sales of variable annuities.

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March 12, 2025
GPB Capital Investors May Receive Some Compensation Under Proposed Distribution Plan

GPB Capital Holdings investors have not received returns on their investments since 2018. According to InvestmentNews, after years of litigation, a court-appointed receiver has submitted a plan to return funds to the 17,000 investors who purchased $1.8 billion in GPB limited partnerships.

March 11, 2025
Former CNBC Analyst Pleads Guilty to $2.7 Million Securities Fraud Scheme

James Arthur McDonald Jr., a former financial advisor and frequent CNBC guest analyst, has agreed to plead guilty to securities fraud, admitting to defrauding investors out of at least $2.7 million, as reported by ThinkAdvisor. The felony charge carries a maximum sentence of 20 years in federal prison.

March 10, 2025
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