bizpost on state

Ocean County

Karen Wall

New York City Metropolitan Area

Brick

New Jersey

LPL Financial's low-cost approach has made it the fourth-largest brokerage firm in the county, popular among investors living in rural areas far away from downtown business centers. <a href="http://lplfinancial.lpl.com/" rel="nofollow" target="_blank">The company</a> has more than 4 millions customers and 13,000 brokers working at 6,500 offices, with corporate offices located near Scripps Memorial Hospital La Jolla on Towne Center Drive. Investors are not the only people that have noticed LPL Financial. Federal and state regulators have penalized its brokers for various violations, according to a report in The New York Times. "LPL is on our radar screen more than any other firm," a securities regulator in Montana told the paper. Regulators in other states including Massachusetts, Illinois, Oregon and Pennsylvania have also penalized the company. A spokeswoman for LPL told The Times that it is increasing its budget for risk and compliance by 11 percent this year. <a href="http://www.nytimes.com/2013/03/22/business/as-lpl-financial-expands-scrutiny-of-its-practices-intensifies.html?_r=1&amp;" rel="nofollow" target="_blank">Read the full report by The New York Times</a>.

LPL Financial’s low-cost approach has made it the fourth-largest brokerage firm in the county, popular among investors living in rural areas far away from downtown business centers.

<a href="http://lplfinancial.lpl.com/" rel="nofollow" target="_blank">The company</a> has more than 4 millions customers and 13,000 brokers working at 6,500 offices, with corporate offices located near Scripps Memorial Hospital La Jolla on Towne Center Drive. Investors are not the only people that have noticed LPL Financial. Federal and state regulators have penalized its brokers for various violations, according to a report in The New York Times.

“LPL is on our radar screen more than any other firm,” a securities regulator in Montana told the paper. Regulators in other states including Massachusetts, Illinois, Oregon and Pennsylvania have also penalized the company. A spokeswoman for LPL told The Times that it is increasing its budget for risk and compliance by 11 percent this year.

<a href="http://www.nytimes.com/2013/03/22/business/as-lpl-financial-expands-scrutiny-of-its-practices-intensifies.html?_r=1&amp;" rel="nofollow" target="_blank">Read the full report by The New York Times</a>.

San Diego

San Diego County

San Diego Metropolitan Area

La Jolla

California

LPL Financial has been repeatedly reprimanded by regulators, reports The New York Times.