California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Broker Misrepresentation
Brokerage Firms Sued
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Are you a new client?
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

At LPL Financial, Higher Q3 Charges For Regulatory Costs

LPL Financial announced its projection of $23 million in regulatory charges for the third quarter due to regulatory matters concerning firm policies, procedures and systems. The bulk of the $23 million - $18 million - represents a substantial increase in expected charges than LPL previously anticipated, prior to announcing costs related to the various regulatory actions.

LPL already experienced higher-than-expected regulatory fines and fees, which contributed to a 4.4% drop in net income during this year's second quarter.

For instance, FINRA fined LPL $2 million and ordered $820,000 in restitution for failures related to variable annuity (VA) exchanges, including failure to maintain accurate books and records.

The projected impact for Quarter 3 is $0.11 on diluted earnings per share. LPL reported that it expects third quarter net income to be between $32 and $34 million with projected diluted earnings per share to be between $0.32 and $0.34.

If you have invested with or in LPL Financial or with any broker-dealer or other firm whose misconduct, revealed by charges contained in regulatory actions, have proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.

News: Another Big Regulatory Payout on LPL Horizon (bankinvestmentconsultant)

Categories: FINRA, SEC, LPL
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.