Monthly Archives: October 2015

LPL Fined Over Nontraded REITs

LPL Financial must pay $1.4 million in fines after reaching an agreement with state securities regulators. The fines stem from a multi-jurisdictional review of the brokerage firm’s sales practices involving nontraded REITs. LPL is the largest independent brokerage firm in the United States. The term REIT refers to Real Estate Investment Trust. Authorized by Congress […]