{"id":2941,"date":"2015-09-04T00:00:00","date_gmt":"2015-09-04T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-levies-250000-fine-against-lpl-financial\/"},"modified":"2018-10-08T12:41:29","modified_gmt":"2018-10-08T16:41:29","slug":"finra-levies-250000-fine-against-lpl-financial","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-levies-250000-fine-against-lpl-financial\/","title":{"rendered":"FINRA Levies $250,000 Fine Against LPL Financial"},"content":{"rendered":"<p><h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Levies-250000-Fine-Against-LPL-Financial.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1782\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Levies-250000-Fine-Against-LPL-Financial.jpg\" alt=\"FINRA Levies $250,000 Fine Against LPL Financial by silverlaw.com\" width=\"950\" height=\"633\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Levies-250000-Fine-Against-LPL-Financial.jpg 950w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Levies-250000-Fine-Against-LPL-Financial-300x200.jpg 300w\" sizes=\"auto, (max-width: 950px) 100vw, 950px\" \/><\/a><\/h2>\n<h2>FINRA also orders cease and desist after failure to abide by Massachusetts state regulation on senior financial designations<\/h2>\n<\/p>\n<p>FINRA fined LPL Financial LLC a total of $250,000 on July 10 after allegations that the firm failed to establish or enforce supervisory procedures that complied with Massachusetts\u2019 regulations. The regulations in question went into effect in 2007 and concern the use of \u201csenior-specific\u201d titles in the securities industry.<\/p>\n<p><a href=\"http:\/\/www.sec.state.ma.us\/sct\/sctpropreg\/propreg.htm\"  target=\"_blank\">The regulation in question states<\/a> that a broker may only use a title suggesting that he or she is specially trained to work with investors aged 65 or older if the broker has legitimate accreditation recognized by the Secretary of the Commonwealth of Massachusetts.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-levies-250000-fine-against-lpl-financial\/\"  title=\"Continue Reading FINRA Levies $250,000 Fine Against LPL Financial\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FINRA also orders cease and desist after failure to abide by Massachusetts state regulation on senior financial designations FINRA fined LPL Financial LLC a total of $250,000 on July 10 after allegations that the firm failed to establish or enforce supervisory procedures that complied with Massachusetts\u2019 regulations. The regulations in question went into effect in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[483],"class_list":["post-2941","post","type-post","status-publish","format-standard","hentry","category-all-releases","tag-failed-to-establish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Levies $250,000 Fine Against LPL Financial &#8212; Securities Arbitration Lawyers Blog &#8212; September 4, 2015<\/title>\n<meta name=\"description\" content=\"Check out the full article on FINRA Levies $250,000 Fine Against LPL Financial on Silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-levies-250000-fine-against-lpl-financial\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Levies $250,000 Fine Against LPL Financial &#8212; 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