Skip to main content

Menu

Representing Individual, High Net Worth & Institutional Investors

Offices in Indiana and New York City

317.598.2040
212.837.7908

Home > Investment Firms Under Investigation > Linsco Private Ledger (LPL Financial)

Linsco Private Ledger (LPL Financial)

Linsco Private Ledger, also known as LPL Financial, was formed in 1989 through the merger of two brokerage firms: Linsco (established in 1968) and Private Ledger (founded in 1973). Today, LPL Financial is one of the largest independent brokerage firms/dealers in the country. As an independent brokerage firm, individuals who work for LPL are considered self employed brokers/agents affiliated with LPL. LPL is nonetheless required to supervise its brokers/agents, a fact that has been contested by a growing number of investors recently.

In 2008, LPL Financial was charged by the Securities and Exchange Commission for its failure to adopt adequate policies and procedures to safeguard their customers' personal information, leaving at least 10,000 customers vulnerable to identity theft following a series of hacking incidents involving LPL's online trading platform.

If you are an individual or institutional investor and have concerns or questions about your LPL investments, contact Mark Maddox. We can evaluate your situation to determine if you have a claim.


Top of Page