LPL Financial’s problems keep piling up
April 3, 2016 by Bruce Kelly
Nation’s largest independent broker-dealer faces a slumping stock price, ugly lawsuit, a legacy of turnover among top executives and stalled adviser growth
Last October, a month after an activist investor took a large stake in LPL Financial Holdings Inc. and claimed that its shares were undervalued, the company announced a plan to boost its stock price. It was going to borrow $700 million and spend $500 million of it buying back its stock.
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Originally Posted at InvestmentsNews on April 3, 2016 by Bruce Kelly.
Categories: Industry Articles
