Regulator augmented fine proceeds with $20 million from reserves to bolster technology, examination program.
Regulator says James E. 'Jeb' Bashaw borrowed $200,000 from a client in 2013 without telling LPL.
Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.
Retirement reserves extended one year; disability fund by 20 years
The Nobel laureate wants to simplify drawing down retirement assets, which he thinks is 'way harder' than saving the money.
Chairman and CEO James Gorman expresses excitement about expanding into workplace plans with purchase of Solium.
The group is no longer seeking to dissolve local chapters as separate legal entities.
State Securities Bureau says SEC's Regulation Best Interest 'does not provide sufficient protections.'
Former CEO Robert H. Shapiro and two others were arrested in connection with investment scheme that SEC claims defrauded 8,400 investors.
Firm lost another 140 advisers in the first quarter, compared with 106 the previous quarter.