LPL Financial Holdings Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: LPL Financial Holdings Inc. |
Ticker: | Ticker: LPLA |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against LPL Financial Holdings Inc. (“LPL Financial” or the “Company”) (NASDAQ: LPLA). The investigation concerns whether LPL Financial and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.’s (“Ameriprise’s”) request for a temporary restraining order against LPL after two former Ameriprise brokers joined LPL and allegedly used confidential client information to improperly solicit their former clients to switch firms. On this news, the price of LPL Financial shares declined by $3.49 per share, from $276.01 per share on July 5, 2024 to close at $272.52 on July 8, 2024.
On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.’s (“Ameriprise’s”) request for a temporary restraining order against LPL after two former Ameriprise brokers joined LPL and allegedly used confidential client information to improperly solicit their former clients to switch firms. On this news, the price of LPL Financial shares declined by $3.49 per share, from $276.01 per share on July 5, 2024 to close at $272.52 on July 8, 2024.