LPL to pay $11.7 mln sanction for "widespread" supervision failures-FINRA
May 06, 2015 at 09:58 AM EDT
May 6 (Reuters) - LPL Financial Holdings Inc must pay $11.7 million for "widespread supervisory failures," including sales of a risky type of exchange traded fund and other complex securities, the Wall Street's industry-funded watchdog said on Wednesday.
