Firm reaches settlement, buy-back plan for illegal sale of securities

PROVIDENCE – The financial services firm LPL Financial LLC has agreed to pay a settlement of $26 million for illegally selling unregistered, nonexempt securities since October 2016. LPL Financial agreed to buy back at full price the unregistered, nonexempt securities, and pay 3 percent interest. LPL will submit to a full review of its compliance…
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