SEC Chairman Walter Joseph “Jay” Clayton III confirmed earlier this week that he will be stepping down from his post by the end of December instead of June 2021, paving the way for President-Elect Joe Biden to appoint a successor in time for the start of the new administration. When he steps down, Clayton, a… Read More >>
Regulators Strike $26M Settlement with LPL Financial
The North American Securities Administrators Association (NASAA) reports reaching a settlement with LPL Financial LLC and state securities regulators that would require the broker-dealer to “repurchase from investors certain securities sold since October 2006 and to pay civil penalties that could total more than $26 million.” According to a NASAA statement, the recent settlement is… Read More >>
