In the News

Title

Exclusive Investigation: Penny-Stock Broker Gets Indicted, but What Took So Long?

Document Type

Article

Publication Date

2-9-2016

Abstract

It was five years ago this week when the brokerage firm LPL Financial fired Larry S. Werbel.

The Cleveland-based stockbroker caught the attention of his firm's compliance cops on Jan. 11, 2011, when he tried to wire money from an LPL account to a local penny stock promoter.