Press release
Investigation announced for Investors in shares of LPL Financial Holdings Inc. (NASDAQ: LPLA) over potential Wrongdoing
An investigation on behalf of investors in LPL Financial Holdings Inc. (NASDAQ: LPLA) shares over potential wrongdoing.
Investors who purchased shares of LPL Financial Holdings Inc. (NASDAQ: LPLA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain LPL Financial Holdings Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Diego, CA based LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. LPL Financial Holdings Inc. (NASDAQ: LPLA) reported that its annual Total Revenue rose from over $8.6 billion in 2022 to over $10.05 billion in 2023, and that its Net Income increased from $845.7 million in 2022 to over $1.06 billion in 2023.
On July 5, 2024, a federal judge granted Ameriprise Financial, Inc.'s ("Ameriprise's") request for a temporary restraining order against LPL Financial Holdings Inc. after two former Ameriprise brokers joined LPL Financial Holdings Inc. and allegedly used confidential client information to improperly solicit their former clients to switch firms.
Shares of LPL Financial Holdings Inc. (NASDAQ: LPLA) declined from $289.88 per share on June 20, 2024, to as low as $187.19 per share on August 06, 2024.
Those who purchased shares of LPL Financial Holdings Inc. (NASDAQ: LPLA) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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