The independent broker/dealer will pay far less than the $93 million penalty originally imposed by a federal judge ...

In 2019, the SEC claimed Commonwealth had breached its fiduciary duty by failing to tell its clients that they could have ...

The broker-dealer had once been on the hook for $93 million after the SEC said it breached its fiduciary duty.

Commonwealth was hit with the landmark penalty over its advisors' mutual-fund recommendations the year before its acquisition by LPL Financial. But it will pay only a fraction of that now.

When LPL Financial said it would acquire rival wealth manager Commonwealth Financial Network last March, Commonwealth’s approximately 2,900 advisors had a choice: stay with LPL or find a new home. A ...

WALTHAM, Mass.--(BUSINESS WIRE)--Commonwealth Financial Network ®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, ranks “#1 in Independent ...

Add Osaic president and CEO Jamie Price to the list of industry executives who think LPL Financial has overpromised with its plans for buying Commonwealth Financial Network later this year. Processing ...

SAN DIEGO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (LPLA) (NASDAQ: LPLA), together with its subsidiaries, including LPL Financial LLC, announced the closing of its acquisition of ...