Recent Fines Show Regulators Serious About Protecting Seniors
Craig W. Lemoine
Recent fines against LPL Financial levied by Massachusetts financial regulators indicate that some states are serious about enforcing regulations designed to protect seniors, a group often targeted by brokers and financial advisors.
In the latest example, LPL agreed to pay a $250,000 fine to settle charges for “failure to establish and enforce review procedures” related to senior-specific titles, according to Massachusetts’ top financial regulator William F. Galvin.
Tuohy, Cyril, "Recent Fines Show Regulators Serious About Protecting Seniors" (2015). In the News. 659.